{
  "title": "Montenegro: 2018 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, May 21, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/05/21/montenegro-2018-article-iv-consultation-press-release-and-staff-report-45886",
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  "summary": "This 2018 Article IV Consultation highlights that Montenegro’s economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway.",
  "sections": [
    {
      "heading": "Economic growth and drivers",
      "content": "- Montenegro’s economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway.\n- The implementation of large publicly financed infrastructure projects has added to economic growth."
    },
    {
      "heading": "Staff growth projections",
      "content": "- IMF staff projects the economy to expand by 3 percent in 2018.\n- IMF staff projects the economy to expand by 2.5 percent in 2019.\n- Growth should continue over the medium term, albeit at a more moderate pace as highway construction ends."
    },
    {
      "heading": "Fiscal stance and public debt",
      "content": "- Fiscal consolidation is expected to act as a moderate drag on growth.\n- The accompanying use of fiscal resources for large publicly financed infrastructure projects has contributed to a large increase in government debt."
    },
    {
      "heading": "Outlook and momentum",
      "content": "- Economic growth should remain strong in 2018, notwithstanding fiscal consolidation, and maintain momentum over the medium term."
    },
    {
      "heading": "Thematic coverage (as listed)",
      "content": "- Banking, Capital spending, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 21, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484356968.002",
    "Montenegro’s economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway.",
    "The implementation of large publicly financed infrastructure projects has added to economic growth.",
    "IMF staff projects the economy to expand by 3 percent in 2018.",
    "IMF staff projects the economy to expand by 2.5 percent in 2019.",
    "Growth should continue over the medium term, albeit at a more moderate pace as highway construction ends.",
    "The accompanying use of fiscal resources for large publicly financed infrastructure projects has contributed to a large increase in government debt.",
    "Economic growth should remain strong in 2018, notwithstanding fiscal consolidation, and maintain momentum over the medium term.",
    "**Country Report**"
  ],
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