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Press Release: Minister of Finance met with the new head of mission of the International Monetary Fund for Montenegro

Press Release: Minister of Finance met with the new head of mission of the International Monetary Fund for Montenegro
Published date: 29.06.2012 11:47 | Author: Ivona Mihajlovic

Ispis Print


Minister of Finance Milorad Katnic met with the new head of mission of the International Monetary Fund for Montenegro Nadeema Ilahi. Meeting was also attended by former head of mission of the International Monetary Fund for Montenegro Gerwin Bell and deputy minister for Budget Nemanja Pavlicic.

The new head of mission pointed out that Montenegro has great potential and showed readiness for deepening and intensification of cooperation. Also, Mr. Ilahi and Mr. Bell aknowledged the efforts done by the Goverment of Montenegro in order to strengthen economy and consolidate public finance in past few years. It was jointly concluded that due to significant resources, particularly in tourism and hydropower, Montenegro can achieve long-term growth rates.

Minister Katnic said that the IMF is a very important partner for Montenegro and updated guests with the economic situation in Montenegro, latest developments as well as the Government basic economic goals. These are primarily reflected in further consolidation of public finances, improving business environment and structural reforms.

The current economic crisis in particular sovereign debt crisis was also on agenda of todays meeting, as well as chalanges ahead of Montengro economy with effects on its fiscal performance. At the end of the meeting the parties agreed that in order to achieve joint goals there needs to be more intensive comunications between the IMF and the Ministry of Finance bearing in mind gloom prospects of European economy.


PR SERVICE
MINISTRY OF FINANCE