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Montenegro : 2017 Article IV Consultation : Press Release, Staff Report, and Statement by the Executive Director for Montenegro.

Author: International Monetary Fund. European Department,
Publisher: Washington, D.C. : International Monetary Fund, 2017.
Series: IMF country report, no. 17/276.
Edition/Format:   eBook : Document : International government publication : English
Summary:
After a protracted period of consolidation following the global financial crisis, the economy is growing, bolstered by large investment projects. Banking-sector conditions are improving, with credit to the private sector growing, following years of deleveraging. The large cost of constructing the first phase of a highway (one quarter of annual GDP), however, is pushing government debt to high levels. The authorities  Read more...
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Additional Physical Format: Print Version:
Montenegro: 2017 Article IV Consultation-Press Release;Staff Report; and Statement by the Executive Director for Montenegro.
Washington, D.C. : International Monetary Fund,2017
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund. European Department,
ISBN: 148431901X 9781484319017 9781484319185 1484319184
ISSN:1934-7685
OCLC Number: 1009603067
Description: 1 online resource (92 pages)
Series Title: IMF country report, no. 17/276.

Abstract:

After a protracted period of consolidation following the global financial crisis, the economy is growing, bolstered by large investment projects. Banking-sector conditions are improving, with credit to the private sector growing, following years of deleveraging. The large cost of constructing the first phase of a highway (one quarter of annual GDP), however, is pushing government debt to high levels. The authorities took significant steps to bolster fiscal sustainability with the 2017 budget and are currently implementing a well-specified fiscal adjustment strategy in line with staff advice. Outlook.

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