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21.12.2017

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...



03.02.2021.

Press release: Montenegro Budget execution in 2020 (GDDS table 12)

Press release: Montenegro Budget execution in 2020  (GDDS table 12)

The COVID-19 virus pandemic and measures aimed at preventing its spread, directly affected the economic flows in the country and caused negative consequences for the entire economy. The endangered liquidity of the economy as a result of limited economic activity in the conditions of the pandemic, as well as the need for additional financing due to the implementation of a package of measures to support the economy and citizens, have led to the largest budget deficit since independence. Despite of unfavorable epidemiological situation that limited economic activity and led to a negative movement of fiscal parameters, the liquidity of the Budget has been preserved and all planned budget obligations have been settled in a timely manner...


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