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LOANS & CREDITS October 10, 2019

Additional Financing for the Montenegro Revenue Administration Reform Project

WASHINGTON, October 10, 2019 - The World Bank’s Board of Executive Directors today approved the following project:

Additional Financing for the Montenegro Revenue Administration Reform Project

IBRD Loan: EUR 4.80 million (US$ 5.30 million equivalent)

Terms: Maturity = 24.5 Years, Grace = 4.5 Years

Project ID: P149743

Project Description: The objective of the Additional Financing for the Montenegro Revenue Administration Reform Project is to improve the effectiveness of operational functions of Montenegro’s tax administration, to introduce electronic fiscalization invoicing, and to reduce the compliance costs for corporate taxpayers.

For more information, please visit: https://www.worldbank.org/projects/P149743?lang=en


Contacts

Washington
Kym Smithies
Senior Communications Officer
+1 (202) 458-0152
ksmithies@worldbank.org
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