## Montenegro: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Montenegro

_IMF Staff Country Reports, September 14, 2017_

## Source details

**Canonical URL:** [Montenegro: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Montenegro](https://www.imf.org/en/publications/cr/issues/2017/09/14/montenegro-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45244)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/09/14/montenegro-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45244/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/09/14/montenegro-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45244/index.json)
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## Bibliographic details
- Published: September 14, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484319017.002

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### Growth outlook and drivers
- Montenegro’s economy continues to grow at a moderate pace.
- Growth is expected to continue over the medium term, boosted by the implementation of large investment projects, including the construction of the Bar–Boljare Highway.
- IMF staff projection: economy to expand by 3 percent in 2017 and 2.75 percent in 2018.
- Planned fiscal consolidation is expected to act as a moderate drag on growth.

### Banking sector assessment
- Conditions in the banking sector continue to strengthen, with improving asset quality and recovering credit growth.
- Nonperforming loans remain elevated.
- The banking sector appears to be over-banked, presenting a challenge for bank profitability.

### Fiscal policy and public finance
- The report highlights planned fiscal consolidation as a policy stance that will moderate growth.
- Public debt, revenue administration, capital spending, and expenditure are listed as focal subjects of the consultation.

### Key statistics and publication metadata (as stated in the source)
- IMF staff growth projections: 3 percent (2017); 2.75 percent (2018).

*Montenegro: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Montenegro*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17276.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17276.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/09/14/montenegro-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45244_