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15/06/2017

Summit of national bank governors, finance ministers and tax administration directors of the region organised by the Belgrade’s weekly NIN, under the institutional auspices of the Ministry of Finance of Montenegro will be held on 16 and 17 June 2017 in Hotel Splendid in Bečići.

This year’s summit topic will be “Regional Financial Stability in the New Global Environment”.

The official part will start on 16 June at 9:30 hours with the Governor’s panel “Monetary Policy  in Regional Countries – Between the U.S. Federal Reserves and European Central Bank” when the Central Bank of Montenegro Governor, Mr Radoje Žugić, PhD and Mr Aleksandar Vlahović, President of the Serbian Association of Economists will have the foreword. The regional central bank governors` panel will cover, inter alia, coordination between fiscal and monetary policy, possible impact the latest FED and ECB policies might have on monetary policy, interest rates and local exchange rates in the Western Balkans, at the same presenting their experience in resolving the issue of non-performing loans as a prerequisite for increasing credit activity with banks.

The panel “Financial Inclusion – Global Challenge, Local Solutions” will be held in the second part of the day, starting at 12:30 hours. Representatives of the Alliance for Financial Inclusion (AFI), the World Bank, the European Investment Bank and the Regional Cooperation Council and others will take part in the discussion.

The finance ministers` panel “New Priorities – Faster Economic Growth with Sound Public Finance and Lower Public Debt” will be held the next day, on Saturday 17 June starting at 9:30 hours and will be opened by Mr Darko Radunović, Finance Minister in the Government of Montenegro. The regional finance ministers will discuss fiscal consolidation, need to accelerate the economic growth, measures for reducing public debt, shadow economy issue, impact the European integration might have on the public finance in the region, structural reforms as well as other numerous current topics.

The tax administration directors’ panel “Tax Administration Reform and Fight against Shadow Economy” will be opened by Mr Miomir Mugoša, Director of Tax Administration of Montenegro. This panel will, among other, discuss topics such as: role and importance of the Tax Administration for the public sector reform, resolving debt issues of the large tax debtors, shadow economy, importance of tax payers` education, reform results, modernization of tax administrations and alike.

The purpose of the summit, traditionally organized sixth year in a row was to develop dialogue and improve cooperation between regional financial institutions.