| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 15.00 |
Western Balkans Trade and Transport Facilitation Phase 2
Development Objective
The Proposed Development Objective is to reduce trade costs and increase transport efficiency in Montenegro
Key Details
Project Details
P173620
Active
Jan Nora , Ruvejda Aliefendic
Montenegro
Western Balkans
June 30, 2022
(as of board presentation)
December 23, 2022
September 28, 2023
US$ 15.00 million
Ministry of Transport
2023
US$ 15.00 million
N/A
October 17, 2023
April 30, 2028
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 15.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 15.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 15.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 28, 2023 | IBRD-94710 | Fee Charges | 38,207.50 |
| Sep 28, 2023 | IBRD-94710 | Loan Disb | 38,207.50 |
| Feb 15, 2024 | IBRD-94710 | Int Charges | 32,683.39 |
| Aug 15, 2024 | IBRD-94710 | Int Charges | 19,372.08 |
| Aug 15, 2024 | IBRD-94710 | Int Charges | 18,805.11 |
| Apr 5, 2024 | IBRD-94710 | Loan Disb | 1,083,500.00 |
| Dec 23, 2022 | IBRD-94710 | Loan Commitment | 15,000,000.00 |
| Feb 15, 2024 | IBRD-94710 | Int Charges | 688.63 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Financial Management | Satisfactory | 2024-11-20 |
| Monitoring and Evaluation | Satisfactory | 2024-11-20 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-11-20 |
| Procurement | Moderately Satisfactory | 2024-11-20 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-11-20 |
| Project Management | Moderately Satisfactory | 2024-11-20 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Total annual costs to export and import for all shipments of Montenegro Value 32239700.00 32239700.00 29015731.00 Date December 31, 2019 March 16, 2023 December 15, 2028 Comment Cost to export Value 31.00 31.00 28.00 Date October 1, 2018 March 16, 2023 December 15, 2028 Comment Cost to import Value 183.00 183.00 165.00 Date December 31, 2019 March 16, 2023 December 15, 2028 Comment Time required to complete all transit formalities at the Port of Bar Value 57.00 57.00 51.00 Date December 1, 2021 March 16, 2023 December 15, 2028 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of Rail Level Crossings improved for safety and efficiency Value 0.00 0.00 5.00 Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Improving capacity of authorities to examine barriers in trade in services through the production of an action plan to remove barriers Value No No Yes Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Time to import Value 14.00 14.00 11.00 Date December 31, 2019 March 16, 2023 December 15, 2028 Comment Number of IT systems upgraded at the Port of Bar Value 0.00 0.00 2.00 Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Time to export Value 7.00 7.00 5.50 Date December 31, 2019 March 16, 2023 December 15, 2028 Comment National Transport Strategy updated to include an action plan for decarbonizing the transport sector Value No No Yes Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Number of firms that benefit from reformed custom/border services Value 0.00 0.00 100.00 Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Adoption of technical guideline for integrating climate resilience and mitigation considerations in the design, construction and maintenance of roads Value No No Yes Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Stakeholders reporting that the design/blueprint of the NWS is aligned with their needs and their contributions in the planning process (citizen engagement) Value 0.00 0.00 80.00 Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Female customs officials recruited at managerial level in Revenue and Customs Agency Value 0.00 0.00 2.00 Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Female students and graduates recruited in 3 to 6 month paid internship programs in technical areas Value 0.00 0.00 4.00 Date December 15, 2022 March 16, 2023 December 15, 2028 Comment Female customs inspectors recruited in the Revenue and Customs Agency Value 0.00 0.00 5.00 Date December 15, 2022 March 16, 2023 December 15, 2028 Comment