The International Monetary Fund (IMF) will provide support to the Ministry of Finance in the development of the Medium-Term Public Debt Management Strategy, with the aim of creating the most transparent investment environment in Montenegro, it was agreed at a meeting of their representatives in Washington.
The Ministry of Finance announced that, as part of the spring meetings in Washington, the line minister Novica Vuković met with the deputy head of the Department for Monetary and Capital Markets of the IMF (MCM), Thordur Jonasson, as well as financial sector expert Samer Y. Saab.
The participants of the meeting announced that they were satisfied with the cooperation in the field of public debt management and the activities that were carried out in the previous period.
"They also discussed future cooperation and activities that need to be carried out regarding the drafting of a new Public Debt Management Strategy, which will be based on the Fiscal Strategy, the drafting of which is underway," the announcement stated.
Accordingly, it was proposed that the IMF provide support to the Ministry of Finance in the development of the Medium-Term Public Debt Management Strategy, all with the aim of creating the most transparent investment environment in Montenegro.
The Ministry said that MCM representatives particularly supported the staffing of the Directorate for Public Debt of that Government department, with the aim of creating preconditions for improving the public debt management policy and preparing strategic documents in that area.
In Washington, Vuković met with the Deputy Director of the Fiscal Affairs Sector of the International Monetary Fund (FAD), Era Danla-Norris, with whom he discussed the strengthening of the mechanism of supervision over the work of state-owned enterprises.
As announced, they agreed on further cooperation in the field of tax policy and control of the application of tax regulations, and on that occasion the importance of improving the process of managing public investments, including their impact on climate change and the environment, was highlighted.
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