---

20/04/2011

Delegation of the Central Bank of Montenegro, headed by the Governor Mr. Radoje Žugić, had a meeting with the Deputy Managing Director of the International Monetary Fund, Ms. Nemat Shafik, during the Spring Meetings of the IMF and the WB in Washington, D.C.

It was agreed that Montenegro made progress over the previous period and the parties also discussed current macroeconomic indicators and the financial system condition, highlighting the importance of taking preventive measures in the following period.

During the meeting, the Governor pointed to excellent cooperation of the CBM and the IMF and expressed the CBM`s appreciation for the IMF support extended so far, underlining the importance of deepening very good relations between Montenegro and the IMF.

Ms. Shafik confirmed the continuation of expert technical support and offered any other assistance Montenegro deem necessary.

The Governor invited the IMF Deputy Managing Director to visit Montenegro in the upcoming period.