The Central Bank of Montenegro (CBCG) has launched the implementation of technical assistance from the International Monetary Fund (IMF) focused on stress testing the CBCG’s balance sheet. The mission will take place from May 5 to May 16, 2025, through direct collaboration between IMF experts and CBCG teams, as part of the support provided by the IMF’s Monetary and Capital Markets Department (MCM), according to a statement from the CBCG.
The mission will focus on developing an advanced model for balance sheet projections, as well as a model for analyzing CBCG’s income and expenditures. This includes assessing the impact of SEPA integration on the structure of payment system-related revenues.
“The mission will also evaluate the effects of implementing the national instant payment system based on TIPS, develop a methodology for forming reserves and risk-based fee structures to maintain CBCG’s financial resilience, analyze the efficiency of operating expenses using international benchmarks, and strengthen internal capacities by training staff in applying the newly developed analytical models. The IMF’s technical assistance represents a significant step in improving CBCG’s financial management. The mission’s findings will be particularly important in the context of Montenegro’s EU accession process and alignment with European regulatory and operational standards,” the CBCG stated.
