UN General Assembly
2011

matter what the challenges are and no matter what the challenges that we, as a society and a State, will have to face in the future. Let me also briefly point out our current economic developments. The fact that we are a small and open economy, and therefore vulnerable to changes in the global economic market, resulted in the global economic and financial crisis stalling Montenegro’s economic progress. Nevertheless, with the implementation of our anti-crisis economic policy we have lessened the impact of the global crisis and stopped the downward trend in the Montenegrin economy. That crisis confirmed the soundness of the basic principles of our economic policy — focusing on further stabilization of public finances, improving the business environment and structural reforms, so as to establish a stable, dynamic and competitive economy in the long term and to improve the quality of life of all citizens of Montenegro. Despite being fully aware that, if we are to mount an adequate response to the crisis, we will have to make some difficult and unpopular cuts