The Central Bank of Montenegro reported that Governor Irena Radovic spoke at the Reykjavik Economic Conference, joining a panel on the economic consequences of debt and deficits and discussing Montenegro’s approach to fiscal sustainability and financial stability. In her remarks, Radovic pointed to post-pandemic fiscal consolidation by Montenegro’s Ministry of Finance, citing a reduction in gross public debt from 105.34% of GDP in 2020 to an estimated 61.32% in 2024. She linked these outcomes to the central bank’s regulatory and supervisory policies, describing the CBCG’s role in a euroised economy as reinforcing banking sector resilience, aligning the regulatory framework with European standards, modernising payment systems, and strengthening institutional resilience to external shocks.
Central Bank of Montenegro 2025-05-09
Central Bank of Montenegro Governor outlines fiscal consolidation and financial stability priorities at Reykjavik Economic Conference
Governor Irena Radovic of the Central Bank of Montenegro highlighted Montenegro's fiscal consolidation efforts at the Reykjavik Economic Conference, noting a reduction in gross public debt from 105.34% of GDP in 2020 to 61.32% in 2024. She attributed these improvements to the central bank's regulatory and supervisory policies, which enhance banking sector resilience and align with European standards.