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MONTENEGRO

Montenegro is a small, open, middle-income economy. After independence in mid-2006, Montenegro’s unilaterally euroized economy went through a full boom-bust cycle, the swings of which were amplified by, respectively, the excess liquidity and credit crunch in global capital markets before and after September 2008. The authorities have taken steps to restore confidence in the banking sector. The World Bank has helped the authorities to strengthen their banking system and have it governed by a modern regulatory framework and central institutions that are more resilient to future shocks.

Active financed activities as of March 28, 2012.
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