EBRD to Help Montenegro Develop Green Economy and Sustainable Tourism

By , 19 Feb 2019, 14:53 PM Politics
EBRD to Help Montenegro Develop Green Economy and Sustainable Tourism Copyrights: Government of Montenegro

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19 February 2019 - Improving private sector competitiveness, energy and infrastructure integration, as well as greening the economy and sustainable tourism are three priority areas in which the European Bank for Reconstruction and Development (EBRD) wants to help Montenegro, Prime Minister of Montenegro Duško Marković and First EBRD Vice-President Jürgen Rigterink agreed at the official meeting in Podgorica.

Prime Minister Marković pointed out that the priorities of the State have been recognised by the EBRD as well, which allows for a further productive partnership. He added that Montenegro has successfully pursued economic policy in the past two years, achieved dynamic economic growth, stabilised public finances and reduced the unemployment rate. He stressed the reduction in the budget deficit, as well as the good income-generating side, both in the previous and this year.

EBRD to Assist Montenegro in Improving Green Economy and Sustainable Tourism 1

"EBRD support for around 60 projects totalling to approximately 570 million EUR is of great importance to us. Your support and confidence contributed to such economic results," said PM Marković.

He added that the continuation of strengthening the overall infrastructure, construction of the motorway, airports and ports valorisation, as well as further activities towards strengthening competitiveness and creating a favourable business environment, strengthening of small and medium enterprises and professionalization of administration is of strategic significance for Montenegro.

"The EBRD will stand by you to support you," Vice President Rigterink noted and praised the results in the field of economic policy, stressing that the international market reactions are the best indicators of the progress, referring in particular to the successful issuance of Eurobonds by Montenegro last year.

Both sides highlighted the success in the European integration process, which creates an incentive for achieving further results in opening up the remaining and creating conditions for starting the closing of negotiation chapters.

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