| Description |
1 online resource (58 pages) : color illustrations |
| Series |
IMF Country Report ; No. 16/88 |
|
IMF country report ; no. 16/88.
|
| Summary |
The Montenegro economy is still dealing with the aftermath of the collapse of the lending boom in 2008. The financial crisis hit asset quality, weakening banks' portfolios. The legacy of pre-crisis rapid increase in indebtedness is adding to banking sector vulnerability. The crisis triggered a prolonged period of balance sheet deleveraging, which has translated into a near uninterrupted credit contraction. Slow economic growth and gaps in the legal framework have hampered banks' efforts to reduce the overhang of nonperforming loans (NPLs). Economic momentum has accelerated in 2015, but there are numerous downside risks. The investment-led boost in economic activity, including from the costly highway project, increases growth prospects but exacerbates already sizable public debt-related vulnerabilities. While lending to the private sector has recently shown signs of recovery, credit growth remains subdued |
| Notes |
"March 2016." |
|
"Prepared by Peter Löhmus and Atilla Arda. This report is based on the work of the Financial Sector Assessment Program (FSAP) mission that visited Montenegro in September 2015. The FSAP findings were discussed with the authorities during the Article IV consultation mission in November 2015; February 8, 2016"--page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF Web site, viewed April 29, 2016) |
| Subject |
International Monetary Fund -- Montenegro
|
| SUBJECT |
International Monetary Fund. fast (OCoLC)fst00556666 |
| Subject |
Finance -- Montenegro
|
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Credit -- Montenegro
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Euro -- Montenegro
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Stock exchanges -- Montenegro
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Fiscal policy -- Montenegro
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Monetary policy -- Montenegro
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Banks and banking -- State supervision -- Montenegro
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Disclosure of information -- Montenegro
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Banks and banking -- State supervision.
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Credit.
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Disclosure of information.
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Economic history.
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Economic policy.
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Euro.
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Finance.
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Fiscal policy.
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Monetary policy.
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Stock exchanges.
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| SUBJECT |
Montenegro -- Economic conditions
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Montenegro -- Economic policy
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| Subject |
Montenegro.
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| Form |
Electronic book
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| Author |
Arda, Atilla. (IMF staff)
|
|
International Monetary Fund, issuing body.
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| ISBN |
1475519818 |
|
9781475519815 |
| ISSN |
1934-7685 |
|
