1. What We Do

Montenegro Second Fiscal and Financial Sector Resilience PBG

Abstract*

The second in a series of two Fiscal and Financial Sector Resilience Policy-Based Guarantees (PBG) aims to support Montenegro’s efforts to improve the sustainability of public finances and the resilience of the financial sector. Macroeconomic uncertainty due to fiscal and financial sector vulnerabilities including elevated public debt levels has been a constraint to sustain high and inclusive growth in Montenegro. In 2020-21, the country is facing...

* 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

  • P167665

  • Closed

  • Marc Schiffbauer , Alper Oguz

  • Ministry of Finance

  • Montenegro

  • May 22, 2018

  • (as of board presentation)

    March 5, 2020

  • N/A

  • US$ 0.00 million

  • N/A

  • December 19, 2024

  • June 30, 2021

  • BANK APPROVED

  • P166205

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Banking InstitutionsFY17 - Other Non-bank FinancialInstitutionsFY17 - Other Non-bank Financial InstitutionsFY17 - HealthFY17 - Social Protection

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IBRD Guarantee 90.00

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 March 31, 2025

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

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 5, 2020 IBRD-G3090 Loan Commitment 90,000,000.00
May 11, 2020 IBRD-G3090 Int Charges -3,334,460.50
May 31, 2022 IBRD-G3090 Loan Cancel -16,530,955.00
May 11, 2020 IBRD-G3090 Fee Charges -2,267,433.00
May 11, 2020 IBRD-G3090 Int Charges -2,267,433.00
May 11, 2020 IBRD-G3090 Fee Charges -80,006.48
May 11, 2020 IBRD-G3090 Int Charges -80,006.48
May 11, 2020 IBRD-G3090 Fee Charges -1,067,027.40
May 11, 2020 IBRD-G3090 Int Charges -1,067,027.40
May 11, 2020 IBRD-G3090 Fee Charges 2,267,433.00
May 11, 2020 IBRD-G3090 Int Charges 2,267,433.00
May 11, 2020 IBRD-G3090 Fee Charges 3,334,460.50
May 11, 2020 IBRD-G3090 Int Charges 3,334,460.50
May 11, 2020 IBRD-G3090 Fee Charges 444,594.72
May 11, 2020 IBRD-G3090 Int Charges 444,594.72
May 11, 2020 IBRD-G3090 Fee Charges 80,006.48
May 11, 2020 IBRD-G3090 Fee Charges 3,334,460.50
May 11, 2020 IBRD-G3090 Int Charges 3,334,460.50
May 11, 2020 IBRD-G3090 Fee Charges 296,396.47
May 11, 2020 IBRD-G3090 Int Charges 296,396.47
May 11, 2020 IBRD-G3090 Fee Charges 444,594.72
May 11, 2020 IBRD-G3090 Int Charges 444,594.72
May 11, 2020 IBRD-G3090 Fee Charges 2,267,433.00
May 11, 2020 IBRD-G3090 Int Charges 2,267,433.00
May 11, 2020 IBRD-G3090 Fee Charges 1,067,027.40
May 11, 2020 IBRD-G3090 Int Charges 1,067,027.40
May 11, 2020 IBRD-G3090 Int Charges 80,006.48
May 11, 2020 IBRD-G3090 Fee Charges -444,594.72
May 11, 2020 IBRD-G3090 Int Charges -444,594.72
May 11, 2020 IBRD-G3090 Fee Charges -3,334,460.50
May 11, 2020 IBRD-G3090 Fee Charges 1,067,027.40
May 11, 2020 IBRD-G3090 Int Charges 1,067,027.40
May 4, 2022 IBRD-G3090 Loan Cancel 16,275,182.00
Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.