The World Bank Board has approved a new Partnership Framework (CPF) for Montenegro covering the period until 2029, aligning with the country’s goals for inclusive growth, green economy, strong governance, and progress towards EU integration, according to a government statement.
The statement highlights a particular focus on economic diversification, both within and beyond the tourism sector, which is recognized as a key driver of the value chain throughout the national economy.
The meeting also noted that Montenegro will continue to benefit from participation in regional projects supported by the World Bank, including initiatives such as the Western Balkans Trade and Transport Network Project and the Integrated Development Program for the Sava and Drina River Basins, which contribute to regional cooperation and development.
Additionally, the importance of Montenegro’s recent achievement was emphasized, as the country received a positive assessment on interim measures related to the rule of law (IBAR) in June.
The government also reminded that the credit rating agency S&P recently upgraded Montenegro’s credit rating for the second time in ten months, reflecting the success of the country’s economic policies and stability.
