The World Bank In Montenegro

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The World Bank In Montenegro

Montenegro is a small, open economy. It is also an economy particularly vulnerable to external shocks, as it relies heavily on capital inflows from abroad to stimulate its growth.

Featured

Economic report

Recession due to COVID-19 pandemic

The Western Balkans region is expected to enter a recession in 2020, due to impacts of the COVID-19 (Coronavirus) pandemic.

Coronavirus

The World Bank Group and COVID-19

How we are coordinating with partners and supporting countries to manage the global pandemic.

Highlighted Project

Waste Clean-Up Project

This project will safely remove or contain industrial waste from 3 locations.

Montenegro At-A-Glance

The economy is expected to grow by an average of 2.8% in 2017–19 on large public investments and personal consumption. Yet, once the large public investment impetus to growth slows down, the overall growth rate will decline too, further exposing existing weaknesses in fiscal and external balances. Inflation is projected at 2% in the period 2017–19.

Overview

Data

Project in Montenegro

Additional Financing to MIDAS Project (US$ 3.84 mln)

The Project Development Objective is to expand capacity building in relevant institutions in Montenegro to manage public funds dedicated to agricultural support. Around 660 farmers, 60 percent of whom live in the poorer north, received IPARD-like grants to enhance their agricultural production.

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