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 estimated investments of €2.2 billion in the public sector in Montenegro.

The country has benefitted from 59 grants for €341.3 million in technical assistance and investment co-financing. The EU IPA grant support channelled through the WBIF accounts for €310.7 million and covers both technical assistance and investment works. Other donors have contributed €30.6 million as well.

€341.3m

Investment grants:  €284.2m

Technical assistance: €57.1m


€2.2bn

€275m

WBIF grants

Transport

Sustainable transport

€215.6m

Energy

Clean energy

€31.3m

Environment

Environment & climate

€80.5m

Social

Human capital

€12.8m

Digital infrastructure

Digital future

€1.1m

Private sector competitiveness

Breakdown of support provided below

Total

€341.3m

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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Kick-off for Montenegro Broadband Infrastructure Development Technical Assistance Project
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24-04-2023

Kick-off for Montenegro Broadband Infrastructure Development Technical Assistance Project

On 24th March 2023 the kick-off meeting for the Technical Assistance (TA) project for the Montenegro Broadband...

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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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Videos

Publications

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WBIF Trans-Balkan Electricity Corridor: Grid Section in Montenegro Factsheet
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15-05-2024

WBIF Trans-Balkan Electricity Corridor: Grid Section in Montenegro Factsheet

WBIF Trans-Balkan Electricity Corridor: Grid Section in Montenegro Factsheet (May 2024)


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WBIF Rail Route 4 Bar-Vrbnica
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15-04-2024

WBIF Rail Route 4 Bar-Vrbnica

WBIF Rail Route 4 Bar-Vrbnica Factsheet (April 2024)

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Trans-Balkan Electricity Corridor Factsheet, October 2023
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20-12-2023

Trans-Balkan Electricity Corridor Factsheet, October 2023

Trans-Balkan Electricity Corridor Factsheet, October 2023

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Partner Financial Organisations

Western Balkans Partners