IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2022-230.html
   My bibliography  Save this paper

Germany: Selected Issues

Author

Listed:
  • International Monetary Fund

Abstract

This Technical Assistance Report on Montenegro highlights Public Investment Management Assessment. Due to the importance of the tourism sector, the pandemic has had a deep economic impact. In addition, as government debt already exceeds one hundred percent of gross domestic product, fiscal space to increase public investment is limited. In this context, a strengthened public investment management (PIM) framework would contribute to maximize its impact on economic growth. Recent trends in capital expenditures and capital stock signal that there is room for improving the efficiency of public investments in Montenegro. The authorities have introduced several reforms in recent years to strengthen the PIM framework. Through the reform efforts, Montenegro has developed a stronger PIM framework but there is still room for improvement. Notwithstanding these efforts, there is significant room to strengthen public investment management in Montenegro. IMF estimates indicate that there is an efficiency gap of 35 percent. Public investment could better support the economic recovery if specific actions are taken to improve the PIM framework.

Suggested Citation

  • International Monetary Fund, 2022. "Germany: Selected Issues," IMF Staff Country Reports 2022/230, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2022/230
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=521023
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2022/230. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.