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Montenegro First Fiscal and Financial Sector Resilience PBG

Abstract*

This first in a series of two Fiscal and Financial Sector Resilience Policy-Based Guarantees (PBG) to Montenegro of EUR 80 million supports reforms to strengthen public finance sustainability and financial sector resilience. The operation supports a package of reforms that aims to stabilize public debt levels, boost investor confidence, mitigate the impacts of fiscal consolidation on the most vulnerable, and strengthen macro-financial supervision...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The objective is to provide support to Montenegro in order to restore fiscal stability and ensure financial sector resilience to shocks.

Key Details

Project Details

  • P166205

  • Closed

  • Sanja Madzarevic-Sujster , Trang Nguyen, Cevdet Unal

  • Ministry of Finance

  • Montenegro

  • June 20, 2017

  • (as of board presentation)

    December 20, 2017

  • N/A

  • US$ 0.00 million

  • N/A

  • December 19, 2024

  • April 30, 2019

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IBRD Guarantee 95.59

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 20, 2017 IBRD-G2540 Loan Commitment 93,000,000.00
Jun 8, 2018 IBRD-G2540 Int Charges 7,004,986.50
Jun 8, 2018 IBRD-G2540 Fee Charges 7,004,986.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.