03 | THE DELIVERY – POLICY-BASED LENDING
NOVICA VUKOVIC Minister of Finance, Montenegro ´
CHRISTOPHER SHELDON Country Manager for Bosnia and Herzegovina and Montenegro, World Bank
“Montenegro remains dedicated to achieving long-term economic stability and sustainability through compre- hensive reforms and sound financial management. Successful implementation of the key policy measures under the Development Policy Loan framework has already contributed to strengthening fiscal discipline, enhancing governance and fostering economic resil- ience. The ¤50 million loan secured through cooper- ation with the OPEC Fund further strengthens these efforts, enabling the continuation of key reforms that enhance transparency, boost competitiveness and foster sustainable growth. This support contributes not only to financial stability but also creates room for innovation and further development of key economic sectors. As Montenegro continues on its path towards EU accession, this arrangement plays a vital role in aligning our policies with EU standards, particularly in the areas of green transition, environmental sustaina- bility and climate resilience. We deeply appreciate the trust that the OPEC Fund has placed in Montenegro and we are pleased to have established the basis for a long- term partnership.”
“Montenegro is making progress toward stronger financial stability and environmental responsibility, two important objectives on its path to EU accession. By integrating fiscal policies together with sustain- ability goals, Montenegro is building an economy that’s more resilient and better prepared to handle future climate-related shocks. Our close collaboration with the OPEC Fund and the French Development Agency has been crucial, combining expertise and resources to amplify our impact. Working together, we’re supporting Montenegro’s growth so that it remains both economically strong and environmen- tally responsible.”
53
Powered by FlippingBook