Montenegro

Montenegro

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Montenegro Montenegro

  • Population: 0.6 million
  • GDP: €5 billion
  • GDP per capita: €6,740
  • Public debt: 73.4% GDP
  • EU candidate: Candidate country since December 2010

'As a financial blending instrument and the main driver for implementing the European Investment Plan, the WBIF is offering favourable conditions when it comes to implementing the European Green Deal and the Connectivity Agenda in order to link Montenegro to TEN-T and TEN-E corridors.'

Ambassador Oana-Cristina Popa

Since 2009, the WBIF has supported 24 projects for €1.9 billion estimated investments in the public sector in Montenegro.

The country has benefited from 55 grants for €219.4 million in technical assistance and investment co-financing. The EU IPA grant support channelled through the WBIF accounts for €188.3 million and covers both technical assistance and investment works. Other donors have contributed €31.1 million as well.

€219.4m

Investment grants:  €167.7m

Technical assistance: €51.7m


1.9bn

€283m

WBIF grants

IPA II bilateral grants

Transport

Sustainable transport

€95.6m

€13.5m

Energy

Clean energy

€29.5m

-

Environment

Environment & climate

€80.5m

€18.8m

Social

Human capital

€12.7m

€37.7m

Digital infrastructure

Digital future

€1.1m

-

Private sector competitiveness

Breakdown of support provided below

€96.9m

Total

€219.4m

€166.9m

Achieved results

2009 – 2022

  • 10 km of railway lines rehabilitated
  • Improved water and sanitation services for 70,000 people
  • Efficient solid waste services for 186,000 people
  • Flood forecasting and warning system for 192,000 people in the Sava River Basin

Expected results

2023 – 2030

  • 183 km of railway lines rehabilitated
  • 230 km of electricity transmission lines upgraded
  • Improved water and sanitation services for 400,000 people
  • 71,900 people with broadband access in rural areas

Support to Private Sector

The Western Balkans Enterprise Development & Innovation Facility

  • €28.1m in financing for SMEs
  • 943 SMEs supported in Montenegro

European Fund for Southeast Europe

  • €263 million in sub-loans since inception
  • 41,090 borrowers since inception
  • 59 projects supported since inception

Green for Growth Fund

  • €5.2 million sub-loan investments since inception
  • 9,922 MWh/year primary energy savings
  • 3,168 tCO2/year emissions reduction

The Regional Energy Efficiency Programme

  • €0.26m in financing for residential sector (GEFF)
  • €4.2m in direct financing for private sector

Latest Montenegro News

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The EU in Montenegro launches campaign 'Our friendship is a success story'
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28-02-2022

The EU in Montenegro launches campaign 'Our friendship is a success story'

The European Union in Montenegro has launched a new campaign entitled “Our friendship is a success story”, whi...

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European Commission launches €3.2 billion investment package in the Western Balkans
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25-02-2022

European Commission launches €3.2 billion investment package in the Western Balkans

Today, the European Commission has unveiled a substantial €3.2 billion investment package to support 21 transp...

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EU funded study for the improvement of the digital infrastructure in Montenegro
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20-01-2022

EU funded study for the improvement of the digital infrastructure in Montenegro

The development of Digital Infrastructure in Western Balkan countries constitutes a Flagship for European Unio...

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Videos

Publications

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Economic and Investment Plan: Endorsed Flagship Investments 2020-2022
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01-03-2023

Economic and Investment Plan: Endorsed Flagship Investments 2020-2022

Booklet on flagship investments endorsed under the Economic and Investment Plan for the Western Balkans in 202...

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Energy Support Package for the Western Balkans
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14-12-2022

Energy Support Package for the Western Balkans

Booklet on the Energy Support Package for the Western Balkans approved by the European Commission on 5 Decembe...

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From Plan to Action - WBIF Key Achievements 2021
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11-11-2022

From Plan to Action - WBIF Key Achievements 2021

WBIF key achievements in 2021 on advancing the implementation of the Economic and Investment Plan for the West...

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Partner Financial Organisations

Western Balkan Partners