The Montenegrin government remains committed to sustainable and responsible fiscal policies aligned with international best practices, according to the latest IMF mission report. The report highlights Montenegro’s strong post-pandemic recovery, with an average GDP growth of 9 percent and continued resilience.
The Ministry of Finance emphasized that the findings confirm the effectiveness of government measures in maintaining economic stability and improving citizens’ living standards. Montenegro successfully transitioned from post-pandemic recovery to stable, sustainable growth, with GDP growth of 3.2 percent in 2024 and a similar projection for 2025. Inflation is expected to gradually decline and stabilize at around 2 percent in the medium term.
The IMF recognized the positive impact of programs such as “Europe Now” on formal employment and access to financial services, as well as fiscal measures that strengthened revenue collection and tax system efficiency. Authorities have taken decisive steps to offset declining contributions through tax reforms, and additional measures are planned to enhance long-term fiscal sustainability.
The Ministry of Finance confirmed its commitment to medium-term budget consolidation, increased public spending efficiency, and structural reforms to modernize the fiscal framework. Fiscal sustainability is considered a key prerequisite for EU accession, and Montenegro is working on improving the Budget and Fiscal Responsibility Law and operationalizing an independent fiscal council to strengthen long-term institutional stability.
The IMF also noted that Montenegro’s banking sector is stable, with strong capital, liquidity, and asset quality indicators. Integration into European payment systems such as SEPA and TIPS Clone further strengthens the domestic financial system. Progress toward a green economy, emission reduction, and energy diversification was highlighted, positioning Montenegro as a potential leader in green transition.
Preliminary IMF findings confirm that Montenegro remains on track for macroeconomic stability, fiscal responsibility, and sustainable development, reflecting international recognition of the government’s reforms and ongoing commitment to European integration.
