Serbia and Montenegro: Sixth Review Under the Extended Arrangement, Financing Assurances Review, Request for Waivers of Nonobservance of Performance Criteria,and Proposed Post-Program MonitoringStaff Report; Press Release on the Executive
In Montenegro, continued tight macroeconomic policies are required to improvecompetitiveness under the euroized monetary regime, and ensure sustainable growth.Structural reforms will be of paramount importance to increase domestic output and reduceexternal imbalances. Wage pressures beyond productivity growth in the run-up to electionsnext year remain a concern and should be resisted...
