Successful cooperation between the CBCG and the IMF


“Cooperation with the International Monetary Fund is very important for the Central Bank of Montenegro and the entire country, especially in the uncertain times which we live in” said CBCG Governor Radoje Žugić at today’s meeting with Mr. Sebastián Sosa, newly appointed IMF’s Regional Resident Representative for Western Balkans and Ms. Stephanie Eble, his predecessor.

Governor Žugić expressed his gratitude to Ms. Eble for excellent cooperation, adding that through numerous technical assistance projects over the past years, the IMF has contributed to strengthening the internal capacities of the CBCG and improving domestic legislation in the area of banking operations.

At the meeting, Governor Žugić also informed the new IMF resident representative about the situation in Montenegro’s banking sector, which was assessed as stable and with positive trends.

Mr. Sosa expressed high expectations of constructive and thriving future cooperation between the IMF and the CBCG.