The World Bank In Montenegro

Montenegro is a small, open economy aspiring to join the EU by 2020. It is also an economy particularly vulnerable to external shocks, as it relies heavily on capital inflows from abroad to stimulate its growth.

Featured

Inclusion

Understanding LGBTI Inclusion

A recently launched survey aims to measure the economic dimensions of LGBTI exclusion in Western Balkans.

Results

Mileva and her goats

A story about a small business owner in Podgorica, who opened an artisanal shop after receiving money from the MIDAS Project.

Global Economic Prospects

A Fragile Recovery

Growth in Europe and Central Asia continued to pick up, with commodity exporters and importers alike achieving recovery.

Montenegro At-A-Glance

The economy is expected to grow by an average of 2.8% in 2017–19 on large public investments and personal consumption. Yet, once the large public investment impetus to growth slows down, the overall growth rate will decline too, further exposing existing weaknesses in fiscal and external balances. Inflation is projected at 2% in the period 2017–19.

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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Working Paper

Montenegro - Policy notes 2017

systematic country diagnostic

Achieving Sustainable and Inclusive Growth Amidst High Volatility

Working Paper

Disaster risk profiles - Montenegro

Economic Report

Faster Growth, More Jobs in Western Balkans

Montenegro in Figures

Countries in the Western Balkans are growing at a faster pace than in 2015, with regional growth projected to be 2.8 percent in 2016 and 3.2 percent in 2017, according to the latest World Bank Western Balkans Regular Economic Report (WB RER). Accelerating growth in Albania and Serbia compensated for weaker expansion in Montenegro and the Former Yugoslav Republic (FYR) of Macedonia; while growth in Kosovo slowed in 2016, it remained the fastest growing economy.