Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

LOANS & CREDITS December 20, 2017

Montenegro First Fiscal and Financial Sector Resilience Policy Based Guarantee

WASHINGTON, December 20, 2017 - The World Bank’s Board of Executive Directors today approved the following guarantee:

Montenegro First Fiscal and Financial Sector Resilience Policy Based Guarantee


IBRD Guarantee:
EUR 80 million (US$ 94 million equivalent)

Project ID: P166205                                                                    

Project Description:

The First Fiscal and Financial Sector Resilience Policy-Based Guarantees (PBG) supports reforms to strengthen public finance sustainability and financial sector resilience. The PBG series underpins the authorities’ reform priorities for an orderly fiscal adjustment through increasing tax revenues, lowering public spending and strengthening medium-term and capital budget process to address external imbalances and rapidly rising public debt level. 

For more information, please visit here: https://projects.worldbank.org/P166205?lang=en

 


Contacts

Washington
Kym Smithies

(202) 458-0152
ksmithies@worldbank.org
Api
Api