The European Bank for Reconstruction and Development (EBRD) is steering economic progress in Montenegro with a remarkable €104 million investment across nine projects in 2024.
This follows the bank’s larger €16 billion commitment to countries in transition.
Notably, 89% of the funds are directed towards green initiatives, reflecting the growing priority of sustainable development, while 78% of the projects emphasize gender inclusivity.
EBRD’s approach combines strategic investments with policy dialogue, driving reforms like Montenegro’s new renewable energy law and the proposed Credit Guarantee Fund, designed to unlock bank liquidity.
Remon Zakaria, EBRD’s representative in Montenegro, stressed the bank’s dual focus on fostering open markets and aiding economic resilience through regulatory support.
However, the EBRD’s efforts aren’t without challenges.
As Zsoka Koczan highlights, balancing multiple goals within industrial policies—particularly in the Western Balkans—complicates accountability and long-term success, with potential dependency risks on subsidies.
