President of Montenegro Milo Djukanovic has talked via video link to the Executive Director and Member of the Board of Directors of the World Bank (WB), Mr Cohen Davids, and the Executive Director and Member of the Board of Directors of the International Monetary Fund (IMF), Mr Paul Hilbers. Montenegro can expect the support from both the IMF and the WB, President Djukanovic’s cabinet has pointed out.
Mr Davids briefed the President on the process of drafting a new WB strategy for Montenegro and economic recovery projections, while Mr Hilbers stressed the importance of the immunization process and expressed expectations that the economic recovery would be quick.
It was concluded that the financial system in Montenegro has shown its stability so far, but also that the growth of economic activity and investment has a decisive impact on the pace of overcoming the consequences of the pandemic crisis, and that overall economic policies must be directed to sectors strategically important for Montenegro.
