Deputy Prime Minister and Finance Minister, Mr. Igor Lukšić, PhD., and the Governor of the Central Bank of Montenegro, Mr. Ljubiša Krgović, took part in the IMF - World Bank Constituency Meeting in Israel

The Deputy Prime Minister and Finance Minister, Mr. Igor Lukšić, PhD., and the Governor of the Central Bank of Montenegro, Mr. Ljubiša Krgović, took part in the IMF - World Bank Constituency Meeting, held in Israel. During the meeting, they held a series of bilateral meetings, among them with the World Bank Executive Director, Mr. Ruud Treffers, the IMF Executive Director, Mr. Age Bakker, Minister of Finance of Holland, Mr. Jan Keeds de Jager and the Sector Director in the World Bank, Mr. Gerrard Coorahan. The Deputy Prime Minister Lukšić and the Governor Krgović have briefed their interlocutors on the current fiscal and monetary policy measures, aimed at stabilizing public finances and the financial system of Montenegro being affected by the global economic crisis. The Deputy Minister Lukšić briefed his interlocutors on implemented measures aimed at reducing public consumption, and new measures related to the consolidation of local public finance, reduction in the number of employees, amendments to the tax laws and new legal solutions aimed at improving the financial system regulations, etc. The Governor of the Central Bank, Mr. Ljubisa Krgovic briefed the IMF representatives on the measures which the Central Bank has recently implemented in the field of banking supervision and preservation of the financial system stability. In the light of the above, emphasized Krgović, the banking system of Montenegro is not exposed to major system risks, and the liquidity of the banks of Montenegro has been improved. The Deputy Prime Minister Lukšić, emphasized that the IMF and the Government of Montenegro have leveraged opinions on Montenegrin economy, this the recent IMF Report has recognized the activities of the Government of Montenegro and the Central Bank, aimed at overcoming the consequences of the crisis and public finance consolidation. Montenegro will stick to the original economic growth prospectus of 0.5% in 2010, but it should be emphasized that the IMF’s estimates a significantly more optimistic than the previous ones, and in 2011, are even more optimistic than those forecasted by the Ministry of Finance, said Lukšić. .