Central Bank of Montenegro reinforces IMF cooperation and explores expanded support on AML/CFT and macroeconomic modelling

The Central Bank of Montenegro (CBCG) published an update on its delegation’s meetings with senior International Monetary Fund (IMF) officials during the World Bank and IMF Annual Meetings in Washington, focusing on deepening cooperation and future technical assistance to strengthen the central bank’s institutional and supervisory capacity. Discussions with IMF Deputy Managing Director Bo Li covered recent IMF-supported work including the CBCG Communication Strategy, the Central Bank Independence Index, balance sheet resilience testing and the Transparency Code Review, and explored potential additional support on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) and the development and automation of a new macroeconomic model for Montenegro. The IMF also referenced findings from the most recent Article IV mission as confirming banking-sector stability and resilience and the effectiveness of CBCG measures to preserve financial stability. Separate meetings with the Belgian–Dutch IMF Constituency highlighted support from De Nederlandsche Bank and the National Bank of Belgium, including a DNB- and NBB-coordinated Needs Assessment intended to identify priority development areas for CBCG modernisation and alignment with Eurosystem practices as part of preparations for membership in the European System of Central Banks (ESCB).