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15/12/2017

The Governor of the Central Bank of Montenegro, Mr Radoje Žugić, PhD, met with the International Monetary Fund (IMF) team providing technical support to the Ministry of Finance in the development of a medium-term public debt management strategy in Montenegro.

The IMF representatives presented to the Governor certain conclusions reached after several meetings held in the Ministry of Finance. It was mutually stated there is a basis for optimism regarding the outlook of the Montenegrin economy, through several important aspects, such as: strong fiscal consolidation, improved macroeconomic and financial situation, change in the outlook of credit rating agencies, the expected adoption of a positive decision concerning the World Bank support to Montenegro, and good ratings given by the IMF.

The present agreed it is necessary to intensify activities in the field of representation of Montenegro in the international financial market. Successful representation of the country to foreign investors, which implies full transparency and availability of all necessary information, affects the reputation of the country and, consequently, the conditions of its borrowing in the international market. In this context, the IMF representatives appreciated openness and transparency of the CBCG, as well as the website of this institution, which, in their words, was very comprehensive, good designed and maintained.

The Governor expressed his appreciation to the IMF team for their support, highlighting the willingness of the CBCG to contribute to the implementation of the public debt management strategy through the engagement of its employees, as well as to the activities in the design of Montenegro's emergence in the international financial market.