The Central Bank of Montenegro (CBCG) published an International Monetary Fund (IMF) report applying the Central Bank Transparency Code Review (TCR), which finds that transparency in the CBCG’s legal framework, mandate, autonomy and decision-making arrangements has strengthened over time and that the central bank has been aligning with international best practices. The report also notes that the CBCG has already implemented several IMF recommendations and is working on further improvements. The TCR was conducted at the CBCG’s request in September 2024, as part of an effort to enhance transparency and accountability toward key stakeholders and to improve the efficiency and visibility of its policies. The CBCG is described as one of only nine central banks globally to participate in the IMF programme, and the report’s recommendations are said to broadly align with the objectives in the CBCG Strategic Plan 2025–2028, where transparency is identified as a core value.
Central Bank of Montenegro 2025-04-04
Central Bank of Montenegro publishes IMF transparency code review noting strengthened autonomy and decision-making transparency
The Central Bank of Montenegro (CBCG) published an IMF report from the Central Bank Transparency Code Review, highlighting strengthened transparency in its legal framework, mandate, autonomy, and decision-making. The CBCG has implemented several IMF recommendations and is working on further improvements, aligning with its Strategic Plan 2025–2028. The CBCG is one of only nine central banks globally to participate in this IMF programme.