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World Bank Backs Fiscal and Financial Sector Reforms in Montenegro

WASHINGTON, December 20, 2017 — The World Bank supports a package of reforms to strengthen public finance and financial sector resilience in Montenegro through a Euro 80 million guarantee approved today. The reforms are supported through a Policy-Based Guarantee (PBG) – a first in a programmatic series of two operations – which will aim to secure two to three times larger private finance and allow for orderly refinancing of the existing debt liabilities towards commercial creditors...

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Moody's changes outlook on Montenegro's rating from stable to positive


Moody's Investors Service ("Moody's") new report published on Friday evening has changed the outlook on the Government of Montenegro's B1 long-term issuer and senior unsecured debt ratings to positive from stable. This change signals the confidence of investors in the economic progress of our country, as well as the support to the stabilisation measures of public finances implemented by the Government of Montenegro and the Ministry of Finance...