## Montenegro: 2018 Article IV Consultation-Press Release and Staff Report

_IMF Staff Country Reports, May 21, 2018_

## Source details

**Canonical URL:** [Montenegro: 2018 Article IV Consultation-Press Release and Staff Report](https://www.imf.org/en/publications/cr/issues/2018/05/21/montenegro-2018-article-iv-consultation-press-release-and-staff-report-45886)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/05/21/montenegro-2018-article-iv-consultation-press-release-and-staff-report-45886/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/05/21/montenegro-2018-article-iv-consultation-press-release-and-staff-report-45886/index.json)
- [Bundle manifest](/en/publications/cr/issues/2018/05/21/montenegro-2018-article-iv-consultation-press-release-and-staff-report-45886/bundle-manifest.json)

## Bibliographic details
- Published: May 21, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484356968.002

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### Economic growth and drivers
- 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.

### Staff growth projections
- 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.

### Fiscal stance and public debt
- Fiscal consolidation is expected to act as a moderate drag on growth.
- The accompanying use of fiscal resources for large publicly financed infrastructure projects has contributed to a large increase in government debt.

### Outlook and momentum
- Economic growth should remain strong in 2018, notwithstanding fiscal consolidation, and maintain momentum over the medium term.

### Thematic coverage (as listed)
- Banking, Capital spending, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18121.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18121.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/05/21/montenegro-2018-article-iv-consultation-press-release-and-staff-report-45886_