Montenegro

2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

Montenegro: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro
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Volume/Issue: Volume 2024 Issue 101
Publication date: May 2024
ISBN: 9798400275715
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , production GDP estimate , EU integration , economic growth prospects , Policy discussion , CBM balance sheet , European Union initiative , Fiscal stance , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Europe , Global , Commercial banks

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Summary

The Montenegrin economy has rebounded strongly from the COVID-19 shock as private consumption grew, tourism recovered, and an influx of relatively affluent Russian and Ukrainian nationals due to Russia’s war in Ukraine has also contributed to growth. While debt-to-GDP ratios have improved largely due to nominal effects, fiscal weaknesses remain. After prolonged political uncertainty, a new coalition government formed in October 2023. Thereafter, a new Central Bank (CBCG) Governor was appointed in December 2023.

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