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.

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PRESS RELEASE

Social Protection Situational Analysis

A report produced by the World Bank and UNICEF finds that social assistance in Montenegro reaches only a limited number of those most in need and most vulnerable.
western balkans

Economic Growth To Accelerate in 2024, Slowly

Economic growth in the Western Balkans is expected to reach 3% in 2024 amid recovery in the European Union—the region’s main trade partner, and lower inflation.
Highlighted Project

Waste Clean-Up Project

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

Montenegro At-A-Glance

While still recovering from the pandemic, Montenegro is facing renewed headwinds. Growth is estimated at a strong 6.9 percent in 2022, led by private consumption. Inflation surged to new highs but its adverse impact on the cost of living was largely mitigated by an increase in real disposable incomes.

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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Research

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Montenegro in Figures

Economic Outlook for the Western Balkans

Blogs

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Experts

Christopher Sheldon

Country Manager for Bosnia and Herzegovina, and Montenegro

Sanja Madzarevic-Sujster

Senior Country Economist

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