| Financier | Commitments |
|---|---|
| IBRD Guarantee | 79.20 |
Montenegro Financial Sector Policy Based Guarantee
Abstract*
This document describes EUR60 million (US$79.2 million equivalent) Financial Sector Policy Based Guarantee (FSPBG) to Montenegro in support of a comprehensive banking sector reform program. The objective of the operation is to support the authorities' efforts to strengthen the banking system and increase its resilience to possible future shocks by continuing to undertake sectoral policy reforms and system restructuring. The specific objectives of... Show More
Development Objective
The objective of the operation, the second in the series of two programmatic development policy operations, is to support the continued implementation of the financial sector reform agenda started under PFSDPL1. In particular, the proposed PBG will support restoring stability to the Montenegrin banking system system through: (i) implementation of improvements in the regulatory framework; (ii) implementation of supervisory action plans for systemic banks; and (iii) completion of resolution of problem banks.
Key Details
Project Details
P130157
Closed
Michael Edwards
N/A
January 19, 2012
(as of board presentation)
June 28, 2012
N/A
US$ 79.20 million
N/A
2012
US$ 0.00 million
N/A
Not Applicable
July 27, 2013
BANK APPROVED
December 19, 2024
Finances
Financing Plan (US$ Millions)
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** | 79.20 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 26, 2019 | IBRD-G2130 | Loan Cancel | 66,792,000.00 |
| Jun 28, 2012 | IBRD-G2130 | Loan Commitment | 79,200,000.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 06-21-2016 | PROJECT PERFORMANCE ASSESSMENT REPORT: 06-30-2016 |
|---|---|---|
| Outcome Rating | Moderately Unsatisfactory | Moderately Unsatisfactory |
| Risk To Development Outcome | Substantial | Significant |
| Bank Performance | Moderately Unsatisfactory | Moderately Unsatisfactory |
| Borrower Performance | Moderately Unsatisfactory | Moderately Unsatisfactory |
| Government Performance | Not Rated | Moderately Unsatisfactory |
| Implementing Agency | Moderately Unsatisfactory | Moderately Unsatisfactory |
| Icr Quality | Not Rated | Satisfactory |
| M&e Quality | Modest | Modest |
Results Framework
No data available.