The Central Bank of Montenegro reported on Governor Irena Radovic’s Washington, D.C. engagements with the International Monetary Fund (IMF) and the National Bank of Denmark, covering the Western Balkans’ macroeconomic outlook, priority reform areas and practical cooperation on payment-system interoperability. At an IMF European Department working breakfast presenting the Regional Economic Outlook for Europe, discussions pointed to moderate medium-term growth in Central, Eastern, and Southeastern Europe (CESEE) with gradually declining inflation, while flagging ongoing risks from trade tensions and geopolitical uncertainty. The agenda stressed faster implementation of structural reforms and investment in infrastructure, the energy transition and the digital economy, alongside fiscal discipline, stronger financial buffers and removal of regulatory barriers to private sector growth. Participants also underlined that preserving central bank independence is a prerequisite for stability and trust, citing lessons from the 1970s on the risks of monetary indiscipline and political interference. The IMF also announced a late October regional workshop in Vienna for the Western Balkans, Moldova and Ukraine focused on financial regulation, supervision and payment systems. Separately, the meeting with Denmark’s central bank focused on sharing experience in payment interoperability and technical solutions connecting currencies and markets, including Denmark’s integration of the Swedish krona into the T2 and TIPS platforms, as Montenegro plans implementation of the TIPS Clone project and explores cooperation on instant payments infrastructure and cross-border interoperability.
Central Bank of Montenegro 2025-10-19
Central Bank of Montenegro steps up IMF and National Bank of Denmark engagement on regional reforms and TIPS-linked payment interoperability
The Central Bank of Montenegro reported on Governor Irena Radovic's meetings with the IMF and the National Bank of Denmark, discussing the Western Balkans' macroeconomic outlook and payment-system interoperability. The IMF noted moderate growth and declining inflation in Central, Eastern, and Southeastern Europe, emphasizing structural reforms and investment in infrastructure and the digital economy. Discussions with Denmark's central bank centered on payment interoperability and technical solutions, including Montenegro's TIPS Clone project plans.