Montenegro’s President Tells Central Bank Chief to Fight Critics

Montenegro's President Milo Đukanović has voiced his strong support for the country's central bank and its governor, Irena Radović. Đukanović, who is a former economist himself, personally selected Radović for the position and is now encouraging her to stand firm against any criticism or pressure that she may face. The president's endorsement comes at a time when the central bank's independence has been a subject of public discourse. Đukanović has emphasized the importance of maintaining the central bank's autonomy, recognizing it as a crucial factor in ensuring the stability and credibility of Montenegro's financial system. By publicly backing Radović, the president is sending a clear message about his commitment to protecting the central bank's ability to carry out its duties without undue interference. This move is seen as an attempt to bolster the institution's standing and safeguard its decision-making processes from external influences.