Podgorica, (MINA-BUSINESS) – Governor of the Central Bank (CBCG) Irena Radovic said that financial system resilience is a prerequisite for competitiveness for Montenegro, as a small, open and highly euroized economy. 

Speaking at a high-level international conference in Brussels titled “2025: The End of an Era? What Comes Next?”, organized by the National Bank of Belgium, she said that a stable and predictable regulatory framework reduces risk, strengthens investor confidence, and directly affects the cost of financing for both the economy and the state.

“We support an approach combining European harmonization, greater proportionality for smaller systems, and the modernization of supervision, while fully preserving the achieved level of financial stability. Financial resilience built on a strong regulatory framework is not the opposite of competitiveness – it is its foundation and a key element of our progress towards full membership in the European Union and the European System of Central Banks,” Radovic said. 

The conference is a part of an initiative launched in 2014 and alternately hosted by the National Bank of Belgium and De Nederlandsche Bank, with the aim of exchanging views on current global economic developments, financial stability, and the role of central banks in conditions of heightened uncertainty and structural change.

The Brussels conference brought together governors and senior representatives of central banks from countries belonging to the constituency of the International Monetary Fund. 

Participants discussed key issues related to the conclusion of one economic cycle and the outlook for monetary and financial policy in the coming period, with particular emphasis on the resilience of financial systems, regulatory trends, and the future priorities of central banks.