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Country Program Snapshot 2012

Montenegro joined the World Bank Group (WBG) as an independent country in January 2007; the Bank had, however, implemented a discrete program of lending and analytical work for Montenegro for most of the period since the State Union of Serbia and Montenegro had joined the WBG in 2001. The Bank’s engagement during the pre-independence period was focused on supporting Montenegro’s efforts to build a market economy and re-establish growth after a period of regional conflict and intense instability, both through Analytical and Advisory services (AAA) and new investments especially in energy and water. In mid-2007, the Bank and country authorities developed Montenegro’s first post-independence Country Partnership Strategy (CPS) covering FY07–FY10. The CPS deepened the Bank’s engagement in infrastructure, the social sectors, and public sector management, as well as marked Montenegro’s graduation from IDA into the ranks of middle-income IBRD borrowers. In January 2011, the Board approved the US$216 million CPS for FY11–14. This CPS is client-driven, and reflects Montenegro’s status as an upper-middle-income client with well-defined development priorities. It focused on: (i) strengthening institutions and competitiveness in line with EU accession requirements; and (ii) improving environmental management, including reducing the costs of environmental problems. Overall, over the last 10 years the World Bank has helped improve people's lives in Montenegro by financing 10 projects in the total amount of about US$ 100 millions.

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Results

MNE Result Story 1
Warming Up Schools and Hospitals in Montenegro
MNE Result Story 2
Helping Farmers Grow
MNE Result Story 3
Making Patiant Care Healthier
 
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Quick Facts

 2011
Population, total632,261
Population growth (annual %)0
Life expectancy at birth, female (years) 201077
Life expectancy at birth, male (years) 201072
GDP (current US$) (billions)4.55
GDP growth (annual %)3
GNI, Atlas method (current US$) (billions)4.46
Inflation, consumer prices (annual %)3
Foreign direct investment, net inflows (% of GDP) 201018
Time required to start a business (days)10
Internet users (per 100 people)40
Data Source: World Development Indicators, World Bank 



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