The stability of public finances is the foundation of economic development, as assessed at the meeting between the President of Montenegro, Jakov Milatović, and representatives of the International Monetary Fund (IMF).
As stated by the President’s Information Service, representatives of the IMF, led by Mission Chief in Montenegro, Srikant Sesadri, briefed Milatović on their visit to Montenegrin institutions and their observations regarding the state of Montenegro’s public finances.
Milatović emphasized that the expertise and reporting of the IMF provide a good basis for shaping future economic policies in the country.
Sesadri pointed out that the economic development of Montenegro rests on clear and predictable fiscal policies with specific and measurable goals.
“It was emphasized that well-planned infrastructure projects can have a positive impact on economic development dynamics, and that their responsible implementation should be the focus of decision-makers in the coming period,” the statement said.
The meeting also discussed the government’s announced reforms, highlighting that broad social consensus is a prerequisite for creating a society of prosperity.
