Montenegro: Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro

June 25, 2020

Summary

The COVID-19 pandemic will hit Montenegro hard, as tourism is a key industry. Fiscal space has eroded in recent years due to large public capital outlays, and the COVID-19 crisis is creating new budgetary strains as health spending and other expenditures rise, while the economic contraction lowers revenues.

Subject: Banking, Capital spending, COVID-19, Economic sectors, Expenditure, External debt, Financial sector, Fiscal policy, Fiscal stance, Health, Public debt, Tourism

Keywords: assistance, Capital spending, COVID-19, CR, emergency financing request, Executive Board discussion, Financial sector, financing, financing gap, Fiscal stance, Global, IMF lending tracker, ISCR, liquidity withdrawal requirement rate, Tourism

Pages:
35
Volume:
2020
DOI:
https://doi.org/10.5089/9781513548661.002
Issue:
210
Series:
Country Report No. 2020/210
Stock No:
1MNEEA2020002
ISBN:
9781513548661
ISSN:
1934-7685

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