Montenegro: Technical Assistance Report-Report on External Sector Statistics Mission

IMF Staff Country Reports, May 15, 2020

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Bibliographic details

• Published: May 15, 2020
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781513544304.002

Mission overview

• The IMF’s Statistics Department (STA) conducted a technical assistance mission to support the Central Bank of Montenegro (CBM) for the compilation of external sector statistics in Montenegro during January 20–31, 2020.
• The Economic Citizenship Program (ECP) was introduced in 2019; details of the program were not made available during the mission.

Main recommendations

• Compile preliminary quarterly International Investment Position data and submit them to STA for review by the end of December 2020.
• Start recording the Economic Citizenship Program (ECP) according to the characteristics of the payments from the applicants by the end of March 2020.
• Record payments from applicants for the ECP in one of:
  • services,
  • current or capital transfers,
  • direct or portfolio investment,

according to the characteristics of the payments.

• Approach the agency in charge of the ECP to collect precise information on the characteristics of the payments and cross-check the data from the international transaction reporting system (ITRS).

Data sources and CBM plans

• The CBM plans to start recording data based on the information obtained from the international transaction reporting system (ITRS).
• The mission advised cross-checking ITRS data with precise information obtained from the agency administering the ECP.

Subject coverage and keywords (as provided)

• Subjects: Balance of payments, Central banks, Economic and financial statistics, External position, External sector statistics, Foreign direct investment, International investment position, Loans, Portfolio investment, Reserve assets
• Keywords: asset, CBM plan, CBM record, CBM start, CBM use LBS data, CR, External sector statistics, Foreign direct investment, International investment position, ISCR, ITRS, loan assets, Montenegro, Portfolio investment, Reserve assets

Source: IMF Staff Country Report — Montenegro: Technical Assistance Report-Report on External Sector Statistics Mission (May 15, 2020).

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