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

_IMF Staff Country Reports, May 15, 2020_

## Source details

**Canonical URL:** [Montenegro: Technical Assistance Report-Report on External Sector Statistics Mission](https://www.imf.org/en/publications/cr/issues/2020/05/14/montenegro-technical-assistance-report-report-on-external-sector-statistics-mission-49428)

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## Bibliographic details
- Published: May 15, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513544304.002

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### 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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_Source: https://www.imf.org/en/publications/cr/issues/2020/05/14/montenegro-technical-assistance-report-report-on-external-sector-statistics-mission-49428_