Measures aimed to stabilize public finances were deemed good, and a rise in confidence was noted, said Ministry of Finance, commenting on the research of Credit rating agency Moody’s.
The new Moody’s report confirms rating B1 for Montenegro, with a change in position outlook from negative to stable.
Improvement in rating was mostly due to fiscal policies that decrease expenditures and regulate pensions and salaries in public sector. Fiscal discipline will decrease the level of public debt in the years to come, analysts said.
The report also notes a progress in strengthening institutions and EU integration.
„There’s been success in legal and operative framework reforms which lead to improvement of business environments at a local level and increase in foreign direct investments. Montenegro became a member of NATO which also had a positive influence”, the report states.
Potential economic risks could be seen in the construction of priority section of Bar-Boljare highway.