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