page_title: Igor Lukšić
section_title: Economic policy
hierarchical_section_title: Igor Lukšić / Policies / Economic policy
caption_attribution_description: English: Prime Minister Igor Luksic at the World Economic Forum in Vienna, 2011
context_page_description: Igor Lukšić is a Montenegrin politician who served as the 4th Prime Minister of Montenegro from 2010 to 2012, upon the resignation of Milo Đukanović. He was succeeded by Đukanović on 4 December 2012 and served as Minister of Foreign Affairs in the latter's fourth cabinet from 2012 to 2016. Presently Lukšić is with PwC and handles public sector activities in the South East Europe. He is expected to assume the position of the Secretary General of the Regional Cooperation Council as of January 1, 2022.
context_section_description: As Prime Minister, Lukšić remained a firm supporter of privatization and foreign direct investment in the Montenegrin economy, as he saw this path as the only one leading to a rapid modernization of the country.
  Upon inauguration, Igor Lukšić said his cabinet would "place special emphasis on growth in the energy, tourism and transportation sectors, with particular attention on development in the northern part of Montenegro" and would “continue with energy efficiency promotion, becoming more dependable on renewable energy resources.” The first task is, however, to bring the economy back on track after the crisis. Igor Lukšić stated that the economy has a long-term growth potential of 5% per year, and stagnation has been left behind, as a 2.5% growth is expected for 2011. Prime Minister Lukšić is said to be committed to fiscal discipline, he stated that the current deficit would be turned into a primary surplus as early as 2013, and that public debt would culminate in 2011 at 41% of GDP. According to the first data concerning 2011, FDI is returning to the country. Also, the second Eurobond issue was carried out at an interest rate half a percentage point lower than the previous one, indicating that investors have solid confidence in Montenegrin state finances.
caption: Igor Luksic attending a panel discussion at the World Economic Forum in Vienna, discussing economic policy in the crisis, June 2011
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