Montenegro

Montenegro

Print To PDF

Montenegro Montenegro

  • Population: 0.6 million
  • GDP: €5.4 billion
  • GDP per capita: €8,671
  • Public debt: 72.7% 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 €2.3 billion in the public sector in Montenegro.

The country has benefited from 59 grants worth €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


€2.3bn

€272m

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

View All
Technical Assistance for Nikšić Wastewater Management System completed
image

08-11-2024

Technical Assistance for Nikšić Wastewater Management System completed

Focused on the sewerage network in Montenegro’s second city, the project ensured the preparation of feasibilit...

Learn more
European Commission President von der Leyen visits the Western Balkans
image

04-11-2024

European Commission President von der Leyen visits the Western Balkans

The President took the opportunity to shine the spotlight on significant investments through the WBIF

Learn more
Updated WBIF factsheets now available
image

03-10-2024

Updated WBIF factsheets now available

Autumn brings the updated WBIF factsheets, including the latest figures and project examples.

Learn more

Videos

Publications

View All
WBIF Trans-Balkan Electricity Corridor
image

09-10-2024

WBIF Trans-Balkan Electricity Corridor

WBIF Trans-Balkan Electricity Corridor Factsheet (October 2024)

Learn more
Economic and Investment Plan: Endorsed Flagship Investments 2020-2024
image

22-07-2024

Economic and Investment Plan: Endorsed Flagship Investments 2020-2024

Flagship investments endorsed under the Economic and Investment Plan for the Western Balkans, July 2024.

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

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)


Learn more

Partner Financial Organisations

Western Balkans Partners