Montenegro: 2025 Article IV Consultation-Press Release; and Staff Report

November 20, 2025

Summary

Following a robust post-pandemic recovery (9 percent average growth from
2021–23), growth decelerated to 3.2 percent in 2024 and the first half of 2025, driven
partially by softening tourism. Inflation has risen from 1 percent in September 2024 to
4.9 percent as of September 2025, reflecting a combination of external, domestic
demand, and wage pressures. The 2025 Article IV consultation aims to address
emerging macro imbalances and help position the economy for accession to the
European Union (EU), which the authorities are targeting by 2028.

Subject: Fiscal law, Fiscal policy, Fiscal stance, Labor, Public debt, Wages

Keywords: Catastrophic Containment and Relief, Europe, exchange rate arrangement, Fiscal law, Fiscal stance, fund relation, Global, legal tender in Montenegro, SDR million, Wages

Pages:
79
Volume:
2025
DOI:
https://doi.org/10.5089/9798229030076.002
Issue:
304
Series:
Country Report No. 2025/304
Stock No:
1MNEEA2025002
ISBN:
9798229030076
ISSN:
1934-7685

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