Montenegro

Montenegro

Print To PDF

Montenegro Montenegro

  • Population: 0.6 million
  • GDP: €4.9 billion
  • GDP per capita: €7,960
  • Public Debt: 108.85% GDP
  • EU Candidate: 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 22 projects for €1.8 billion estimated investments in the public sector in Montenegro.

The country has benefited from 52 grants for €178.7 million in technical assistance and investment co-financing. The EU IPA grant support channelled through the WBIF accounts for €154.4 million and covers both technical assistance and investment works. Other donors have contributed €24.4 million as well.

€178.7m

Investment grants:  €133.2m

Technical assistance: €45.5m


1.8bn

€256m

WBIF grants

IPA II bilateral grants

Transport

Sustainable Transport

€89.4m

€13.5m

Energy

Clean Energy

€29.5m

-

Environment

Environment & Climate

€57.3m

€18.8m

Social

Human Capital

€1.4m

€37.7m

Digital infrastructure

Digital Future

€1.1m

-

Competitiveness

Breakdown of support provided below

€96.9m

Total

€278.7m

€166.9m

Achieved results

2009 – 2022

  • Improved water/waste water 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

2022 – 2030

  • 95 km of motorways  
  • 193 km of railway lines rehabilitated   
  • 219 km of electricity transmission lines upgraded
  • 95 km of future-proof gas pipelines
  • Improved water/waste water services for 390,000 people    
  • Efficient solid waste services for 112,100 people 
  • 71,900 people with broadband access in rural areas
  • Infrastructure sharing via the Balkan Digital Highway initiative
  • New prison facility in line with European standards for 200 detainees

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

  • €252.2m sub-loan investments since inception
  • 40,455 sub-loans provided since inception
  • 47 technical assistance projects since inception

Green for Growth Fund

  • €4.8m sub-loan investments since inception
  • 9,479 MWh/yr primary energy savings
  • 3,013 tCO2/yr 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

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

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...

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

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...

Learn more
EU funded study for the improvement of the digital infrastructure in Montenegro
image

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...

Learn more

Videos

Publications

View All
From Plan to Action - WBIF Key Achievements 2021
image

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...

Learn more
Factsheet Trans-Balkan Corridor, Lastva substation; Montenegro (October 2022)
image

31-10-2022

Factsheet Trans-Balkan Corridor, Lastva substation; Montenegro (October 2022)

Trans-Balkan Electricity corridor, grid section in Montenegro (October 2022)

Learn more
WBIF July Newsletter 2022
image

21-07-2022

WBIF July Newsletter 2022

WBIF July Newsletter 2022

Learn more

Partner Financial Organisations

Western Balkan Partners