February 21 (SeeNews) - Montenegro's finance ministry said on Wednesday an International Monetary Fund (IMF) mission began a visit for an update on the country's macroeconomic performance.
The mission led by Martin Petri will stay in Montenegro until March 7 to collect current information on the state of the Montenegrin economy as part of the annual Article IV consultations with the country's authorities, the finance ministry said in a press release.
In the concluding statement of the mission for the 2017 Article IV consultations with Montenegro in September, the IMF stressed the importance of continued fiscal adjustment to reduce debt and meet refinancing needs, sustained efforts to strengthen the financial sector and fiscal and structural reforms to support higher and more inclusive growth.
While the economic outlook is positive, risks stemming from the large increase in public debt and external financing needs raise concerns about fiscal sustainability and external stability, the IMF said at the time.