Podgorica, (MINA-BUSINESS) – It was concluded at a meeting of the Financial Stability Council that the this year’s policy should focus on the consolidation of public spending, growth and recovery of the economic sector and further investments aimed at ensuring a long-term growth and development of the economy.
“Maintenance of stability of the banking sector and fiscal consolidation measures must be defined as priority goals. The measures aimed at improving the competitiveness of the economy must also be initiated and carried out this year,” says a press release issued by the Central Bank (CBCG).
The Council meeting, chaired by the CBCG Governor Radoje Zugic, was attended by Minister of Finance Darko Radunovic and representatives of the Insurance Supervision Agency and the Capital Market Commission.
It was concluded at the meeting that it was necessary to continue with the structural reforms, primarily in the field of healthcare and pension insurance, and strengthen the stability of the system through harmonization with the European Union acquis.
On the basis of the analysis of the financial system stability indicators and key parameters, the Council concluded that the risks should be monitored, while the measures of the fiscal, monetary and prudential policy must focus on their management.
Longer version of article is available on a link MINA ENGLISH SERVIS
