IMF may resume talks on precautionary deal with Montenegro - report.

By bne IntelliNews February 21, 2012
The IMF is expected to send a delegation to Montenegro soon, to resume talks on a precautionary agreement and VAT rate hike in the country, Vijesti daily reported, citing unnamed sources. The Fund has indicated during previous talks that the signing of such an agreement would be conditional on raising tax rates and lowering public sector salaries and pensions, the finance ministry explained. Montenegro has one of the lowest VAT rates in the region - 17%.
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