Publication:
Montenegro - Debt Sustainability Analysis

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-02-25T19:56:32Z
dc.date.available2013-02-25T19:56:32Z
dc.date.issued2007-02
dc.description.abstractThis report assesses Montenegro's public and external debt sustainability under alternative scenarios. The baseline scenario assumes continued implementation of a macroeconomic stabilization and structural reform program, while the low case scenario describes the alternative of a sluggish growth environment due to policy slippage/weak reform. In addition, other sensitivity tests are conducted in order to highlight the vulnerability of the baseline case to specific shocks. The report concludes that Montenegro's public debt would be highly sustainable if economic reforms continue at their current pace, and the 2007 fiscal policy is maintained over the coming years.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/02/16277938/republic-montenegro-debt-sustainability-analysis
dc.identifier.urihttps://hdl.handle.net/10986/12493
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAMORTIZATION
dc.subjectARREARS
dc.subjectASSET POSITION
dc.subjectAUCTION
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANK CREDIT
dc.subjectBANK DEBT
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBASELINE SCENARIO
dc.subjectBASIS POINTS
dc.subjectBOND
dc.subjectBONDS
dc.subjectBURDEN OF ADJUSTMENT
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITALIZATION
dc.subjectCENTRAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTINGENT LIABILITY
dc.subjectCREDIT GROWTH
dc.subjectCREDITORS
dc.subjectCREDITWORTHINESS
dc.subjectCURRENCY
dc.subjectCURRENCY COMPOSITION
dc.subjectCURRENCY MISMATCHES
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectDATA COLLECTION
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT CRISES
dc.subjectDEBT DATA
dc.subjectDEBT DYNAMICS
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT RATIO
dc.subjectDEBT RATIOS
dc.subjectDEBT RELIEF
dc.subjectDEBT SERVICE
dc.subjectDEBT STOCK
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEBTS
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectDISBURSEMENT
dc.subjectDISBURSEMENTS
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC INVESTMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectEDUCATION SERVICES
dc.subjectEQUITY INVESTMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE MOVEMENTS
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURE POLICIES
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXTERNAL BALANCE
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL DEBTS
dc.subjectEXTERNAL INDEBTEDNESS
dc.subjectFACE VALUE
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCING REQUIREMENTS
dc.subjectFISCAL ADJUSTMENT
dc.subjectFISCAL BALANCE
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICY
dc.subjectFISCAL STANCE
dc.subjectFIXED INTEREST
dc.subjectFIXED INTEREST RATE
dc.subjectFIXED INTEREST RATES
dc.subjectFLOATING INTEREST RATE
dc.subjectFLOATING RATE
dc.subjectFOREIGN BORROWING
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN FINANCING
dc.subjectFOREIGN LOANS
dc.subjectGLOBAL DEVELOPMENT FINANCE
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT BUDGET DEFICIT
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEFICIT
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SPENDING
dc.subjectGRACE PERIOD
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectHEALTH SECTOR
dc.subjectHOLDING
dc.subjectHUMAN RESOURCE
dc.subjectIMPORT TARIFFS
dc.subjectINCOME TAX
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSURANCE
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT BANK
dc.subjectLABOR MARKET
dc.subjectLAND TITLE
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLENDING DECISIONS
dc.subjectLEVEL OF DEBT
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY RATIOS
dc.subjectLOAN
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectLONG-TERM DEBT
dc.subjectMACROECONOMIC DATA
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC PROJECTIONS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMARKET ACCESS
dc.subjectMARKET ENVIRONMENT
dc.subjectMARKET INTEGRATION
dc.subjectMATURITY
dc.subjectMATURITY STRUCTURE
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL SAVING
dc.subjectNATIONAL SAVINGS
dc.subjectNET DEBT
dc.subjectNET PRESENT VALUE
dc.subjectOPEN ECONOMY
dc.subjectOUTSTANDING PUBLIC DEBT
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION SYSTEM
dc.subjectPENSIONS
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL INCOME TAX
dc.subjectPOVERTY REDUCTION
dc.subjectPRIVATE CREDITORS
dc.subjectPRIVATE DEBT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEBT
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPROPERTY RIGHTS
dc.subjectPROPERTY RIGHTS PROTECTION
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEBT STOCK
dc.subjectPUBLIC DEBTS
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR BORROWING
dc.subjectPUBLIC SECTOR DEBT
dc.subjectPUBLIC SECTOR DEFICIT
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL INTEREST RATES
dc.subjectRECURRENT EXPENDITURE
dc.subjectREFORM PROGRAM
dc.subjectREMITTANCES
dc.subjectREPAYMENT
dc.subjectREPAYMENT PERIOD
dc.subjectREPAYMENTS
dc.subjectRESERVES
dc.subjectRESOURCE CONSTRAINTS
dc.subjectRETURN
dc.subjectSECURITIES
dc.subjectSHORT TERM DEBTS
dc.subjectSHORT-TERM DEBT
dc.subjectSOLVENCY
dc.subjectSTOCK ADJUSTMENTS
dc.subjectSTOCK MARKETS
dc.subjectSTRUCTURAL REFORM
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectSUSTAINABLE FISCAL POLICY
dc.subjectTAX RATES
dc.subjectTRADE BALANCE
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSFER PAYMENTS
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTURNOVER
dc.subjectVARIABLE INTEREST RATES
dc.subjectWITHDRAWAL
dc.titleMontenegro - Debt Sustainability Analysisen
dspace.entity.typePublication
okr.date.disclosure2012-05-21
okr.doctypeEconomic & Sector Work::Debt and Creditworthiness Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2007/02/16277938/republic-montenegro-debt-sustainability-analysis
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid904241468275694510
okr.identifier.externaldocumentum000427087_20120521140004
okr.identifier.internaldocumentum16277938
okr.identifier.report68903
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/21/000427087_20120521140004/Rendered/PDF/689030ESW00P100ro0DSA000Final0Draft.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryMontenegro
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.themePublic sector governance :: Public expenditure, financial management and procurement
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Expenditure Policy
okr.topicInternational Economics and Trade::External Debt
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicMacroeconomics and Economic Growth
okr.topicPublic Sector Development
okr.unitPoverty Reduction/Econ Mngmt (ECSPE)
okr.volume1 of 1
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