Montenegro: Technical Assistance Report-Report on External Sector Statistics Mission (July 29-August 9, 2024)
Technical Assistance Reports, October 11, 2024
Source details
- Canonical URL
- Montenegro: Technical Assistance Report-Report on External Sector Statistics Mission (July 29-August 9, 2024)
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Bibliographic details
- Published: October 11, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400289309.019
Mission scope and objective
- A technical assistance mission on external sector statistics was conducted for the Central Bank of Montenegro (CBM) during July 29 to August 9, 2024.
- Objective: address major sources of large net errors and omissions (NEO) in Montenegro’s external sector statistics and strengthen reserves-related reporting.
Key findings and outcomes
- The mission established measures to address the major sources for the large net errors and omissions (NEO).
- The mission reduced the average NEO during 2021 to 2023 from 9 percent to 1.1 percent of Gross Domestic Product.
- The mission assisted the CBM and the Ministry of Finance in preparing the Template for International Reserves and Foreign Currency Liquidity—a statistical dataset that covers reserves-related data comprehensively.
Covered statistical topics and areas of work
- Balance of payments
- Balance of payments statistics
- Economic and financial statistics
- External position
- External sector statistics
- Foreign direct investment
- International investment position
- Portfolio investment
- Reserve assets and Template for International Reserves and Foreign Currency Liquidity
Keywords and emphasis
- Balance of payments; Balance of payments statistics; CBM plan; CBM record detail; CBM transfer; data template; Economic Citizenship Program; External sector statistics; Foreign direct investment; IMF executive directors; International investment position; Montenegro.; net errors and omissions; Portfolio investment; reserve assets; Template for International Reserves and Foreign Currency Liquidity
Source: Montenegro: Technical Assistance Report-Report on External Sector Statistics Mission (July 29-August 9, 2024), October 11, 2024.
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