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International Monetary Fund (IMF)

Montenegro became the 185th member of International Monetary Fund on 18 January 2007. The IMF Articles of Agreement were signed by Mr. Ljubiša Krgović, the President of the CBCG Council at the time, at the ceremony held in Washington D.C.  Montenegro’s quota in the IMF amounts to SDR 27.5 million, and is envisaged to be increased to SDR 60.5 million.

Montenegro’s representative in the IMF is the Central Bank of Montenegro and the Governor of the Central Bank is the Governor of Montenegro in the IMF. The Central Bank plays the role of Montenegro’s fiscal agent and depositary in the IMF and it is authorized to perform all operations and transactions envisaged under the IMF’s Articles of Agreement provisions on behalf of Montenegro (as regulated by the Law on Membership of the Republic of Montenegro in the International Monetary Fund and Other International Financial Institutions). 

Montenegro is a member of the Dutch Constituency which represents Montenegro’s interests in the IMF along with interests of another 14 countries: the Netherlands, Belgium, Luxembourg, Armenia, Bosnia and Herzegovina, Croatia, Israel, Former Yugoslav Republic of Macedonia, Bulgaria, Cyprus, Georgia, Moldova, Romania and Ukraine.

The Central Bank of Montenegro hosted a Dutch Constituency meeting attended by 120 foreign delegates in Budva 2009.

 
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