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LOANS & CREDITS July 31, 2017

Revenue Administration Reform Project for Montenegro

WASHINGTON, July 31, 2017 – The World Bank Board of Executive Directors today approved the following project: Revenue Administration Reform Project for Montenegro

IBRD Loan: $15.7 million

Terms: Maturity = 25 years, Grace = 5 years

Project ID: P149743

Project Description:

The development objective of Revenue Administration Reform Project is to improve the effectiveness of operational functions of Montenegro’s Tax Administration (MTA) and to reduce the compliance costs for corporate taxpayers. 


Jasmina Hadzic
Communications Associate