There has been a noteworthy development in Montenegro’s financial sector as Irena Radović has been elected as the Governor of the Central Bank of Montenegro by the Assembly.
The vote demonstrated overwhelming support for Radović, as 58 assembly members endorsed her appointment while only 13 members dissented.
Radović, who previously served as director at the Investment Development Fund, was nominated by Montenegro’s President, Jakov Milatović. In his speech to the assembly, Milatović emphasized the urgent necessity to revamp the Central Bank’s reputation, which has been marred by accusations of favoritism. He highlighted the significant responsibility that the governor of Montenegro will have in guiding the country towards European Union membership. He emphasized the need to bolster the Central Bank to ensure a smooth integration into the EU’s economic and monetary union.
Highlighting Radović’s impressive qualifications, Milatović emphasized her remarkable accomplishments at the Investment Development Fund and her unwavering commitment to professionalism and ethics. This decision represents a calculated move to rejuvenate the Central Bank’s position and standing during a crucial period in Montenegro’s journey towards closer ties with European institutions.
