Montenegro:Technical Assistance Report-Report on External Sector Statistics Mission

Technical Assistance Report-Report on External Sector Statistics Mission

Volume/Issue: Volume 2020 Issue 166

Publication date: May 2020

ISBN: 9781513544304

$18.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Business and Economics - Statistics , ISCR , CR , CBM start , Montenegro , asset , CBM use LBS data , ITRS , CBM plan , CBM record , loan assets , Foreign direct investment , External sector statistics , International investment position , Portfolio investment , Reserve assets

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Summary

The IMF’s Statistics Department (STA) conducted a technical assistance mission to support the Central Bank of Montenegro (CBM) for the compilation of external sector statistics in Montenegro during January 20–31, 2020. The mission recommended that the CBM compile preliminary quarterly International Investment Position data and submit them to STA for review by the end of December 2020. The mission recommended that the CBM start recording the Economic Citizenship Program (ECP) according to the characteristics of the payments from the applicants by the end of March 2020. The ECP was just introduced in 2019 and details of the program were not made available during the mission. The mission advised that the payments from applicants for the ECP should be recorded in services, current or capital transfers, or direct or portfolio investment, according to the characteristics of the payments. The CBM plans to start recording data based on the information obtained from the international transaction reporting system (ITRS). The mission advised that the CBM approach the agency in charge of the ECP to collect precise information on the characteristics of the payments and cross-check the data from the ITRS.