Podgorica, (MINA-BUSINESS) – The Organization for Economic Cooperation and Development (OECD) has released an updated list – Country Risk Classifications, according to which Montenegro’s ranking has been improved from category seven to category six.

“The improvement of the ranking on the OECD scale reflects the enhancement of the overall perception of a country’s risk, taking into account economic indicators, assessment of current political stability, as well as significant efforts in implementing reforms, particularly regarding the improvement of transparency,” the Ministry of Finance stated in a press release.

They reminded that the OECD was an intergovernmental organization comprised of 38 member countries, established in 1961 with the aim of promoting economic development and international trade.

“Progress in classification, according to OECD standards, has positive implications and contributes not only to improving the environment for international cooperation but also to attracting investments, potential grants, and increasing the competitiveness of conditions for international financing for strategic projects,” said the Ministry.