The Central Bank of Montenegro (CBCG) has fully implemented its obligations from the pre-accession process, achieving 100% fulfillment of the tasks undertaken, thus making a strong contribution to Montenegro's overall progress in negotiations with the European Union, especially within the economic chapters, said the Governor of that institution, Irena Radović.
As stated in the Central Bank of Montenegro's statement, Radović met with the United Nations (UN) Resident Coordinator in Montenegro, Caroline Tiso, and members of her team.
"During the meeting, key priorities and initiatives implemented by the Central Bank of Montenegro in terms of strengthening financial stability, improving the regulatory framework and modernizing payment transactions were discussed. In this context, Governor Radović emphasized that the Central Bank of Montenegro has fully implemented its obligations from the pre-accession process, achieving 100% fulfillment of the tasks undertaken, thus making a strong contribution to Montenegro's overall progress in negotiations with the European Union, especially within the economic chapters. It was particularly emphasized that significant progress has been made in the previous period in harmonizing the regulatory and supervisory framework with European Union regulations and standards, while simultaneously strengthening the institutional capacities of the Central Bank of Montenegro," the statement states.
As stated, Radović also presented the activities of the Central Bank of Montenegro aimed at the green transition and the implementation of ESG standards, improving gender and financial inclusion, strengthening financial literacy, as well as the digital transformation of the financial system.
"The interlocutors exchanged views on key development challenges and opportunities for Montenegro, with a shared assessment that sustainability, digitalization and financial inclusion represent important prerequisites for sustainable and inclusive economic growth and development," the Central Bank of Montenegro said in a statement.
At the end of the meeting, Radović expressed her gratitude to the UN system for its continued cooperation and support for reform and development processes in Montenegro.
"UN Resident Coordinator Karolina Tiso praised the results achieved by the Central Bank of Montenegro, congratulated it on its achievements and confirmed the readiness of the United Nations system to continue to provide support to Montenegro's defined development priorities, including reforms that contribute to the successful continuation of the European integration process and harmonisation with European Union standards," the statement concluded.
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