Juggling The IMF And Calls For Higher Living Standards

June 2007 | Economic Analysis

Like just about every other country in the region, Montenegro's government is facing a considerable juggling act as it tries to balance the need for reform, and the calls from voters for higher living standards. Certainly, solid macroeconomic policies over recent years have insulated the country from the turmoil in neighbouring Serbia and instilled some macroeconomic stability. CPI was running at just 1.8% y-o-y in February (the latest data available) and real GDP per capita remains above that of Serbia. However, average monthly wages stood at a still low EUR377.36 last year, and significant pressure exists for the government to

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