The EBRD’s Three Point Plan for Investment in Montenegro

The European Bank for Reconstruction and Development has recently launched it’s Three Point Economic Plan for Montenegro, which will take the country to new heights and continue it’s current positive trend in all domestic and international markets.

Kicking things off in 2021 and continuing right through to 2026, there are now three main areas of focus for the EBRD, and these include Supporting Montenegro on it’s Green Energy Directives, Strengthening Competitiveness within the Private Sector, and Enhancing Montenegro’s integration with Regional Markets to improve connectivity for both the transport and energy sectors.

Much like other countries, the Montenegrin Government have set their own energy and climate targets which they hope to achieve by 2030, and already well placed to develop more renewable energy sources the EBRD have recognised Montenegro’s potential, and will now start to invest further in low carbon and climate-resilient infrastructure as well as other sources such as Solar & Wind Power.

Currently, Montenegro has a significant reliance on International Tourism during the Summer Season for its economy, and though it’s been growing heavily over the last few years its not enough and much more needs to be done to improve the business environment, especially as more and more people are turning to self-employment and there are more SME’s than ever before. The EBRD will be implementing measures to help promote increased capacity and improve governance, which will include direct finance, short term liquidity and policy engagement. To strengthen the Job Market in Montenegro, the Bank will also be looking at investing further in Skills Based Training, Equal Access to Opportunities and increased Inclusion & Diversity programmes, something which the current government is very keen on, given the meetings they’ve had with EU officials recently.

Broadband Infrastructure will also get an upgrade over the next few years as alongside current officials, the Bank will invest in further rollouts to reach more remote areas, and improve connectivity in the bigger cities such as Budva and Tivat. Capitalizing on the existing integration with regional markets, they will also look to enhance Montenegro’s Transport and Energy networks.

All the investment going into Montenegro over the next few years will further help it’s EU Membership plan, but not only that, it will become even more attractive for foreign investors, holiday home buyers and those wishing to become permanent residents, so the outlook is extremely positive for this beautiful part of the world.

24.09.2021