The Central Bank of Montenegro (CBCG) has begun implementing International Monetary Fund (IMF) technical assistance on stress testing the CBCG balance sheet, with IMF experts and CBCG teams working together from 5 to 16 May 2025 as part of IMF Monetary and Capital Markets Department support. The mission will develop an advanced balance sheet projection model and a model to analyse CBCG revenues and expenditures, including how adherence to the Single Euro Payments Area (SEPA) could affect income from payment transactions. Work will also cover assessing the effects of the national TIPS-based instant payment system, developing a methodology for building reserves and a risk-based fee structure to preserve the CBCG’s financial resilience, benchmarking the efficiency of operational expenditures using international indicators, and training staff to apply the analytical models. The central bank linked the technical assistance to strengthening its financial management and to Montenegro’s preparations for European Union accession and alignment with European regulatory and operational standards.
Central Bank of Montenegro 2025-05-05
Central Bank of Montenegro starts IMF technical mission to stress test its balance sheet
The Central Bank of Montenegro (CBCG) is using IMF technical assistance to enhance its balance sheet stress testing. This includes developing advanced models for projections, revenue and expenditure analysis, and assessing SEPA and a national TIPS-based instant payment system. This supports Montenegro's EU accession and alignment with European standards.