Montenegro - Debt Sustainability Analysis

World Bank

Washington, DC

关键词: ACCOUNTING;    AMORTIZATION;    ARREARS;    ASSET POSITION;    AUCTION;   

RP-ID  :  68903

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This report assesses Montenegro'spublic and external debt sustainability under alternativescenarios. The baseline scenario assumes continuedimplementation of a macroeconomic stabilization andstructural reform program, while the low case scenariodescribes the alternative of a sluggish growth environmentdue to policy slippage/weak reform. In addition, othersensitivity tests are conducted in order to highlight thevulnerability of the baseline case to specific shocks.Thereport concludes that Montenegro's public debt would behighly sustainable if economic reforms continue at theircurrent pace, and the 2007 fiscal policy is maintained overthe coming years.