Resource information
The Country Partnership Framework (CPF)
for Montene gro covers the period from July 1, 2015 to June
30, 2020 (fiscal years 2016-2020). This CPF builds on the
results and lessons of the previous World Bank Group (WBG)
Country Partnership Strategy (CPS), which originally covered
the period July 1, 2011 to June 30, 2014, and was
subsequently extended to June 30, 2015.The one-year CPS)
extension was intended to provide greater clarity on the
country’s medium-term macro-fiscal framework as a basis for
the new CPF, and to give additional time to make progress on
improving environmental management, a key pillar of the CPS.
The new CPF seeks to address the top priorities identified
by the recently completed Systematic Country Diagnostic
(SCD) as those that Montenegro needs to most urgently tackle
to advance in its path towards shared prosperity and
sustainable development. The CPF will selectively support
Montenegro’s development agenda outlined in the Montenegro
Development Directions (MDD) 2015-2018, Economic Reform
program (ERP) 2015-2017 and the Montenegro European Union
(EU) Accession Program 2014-17. The WBG strategy will
continue to support, and be aligned with, Montenegro’s EU
accession and integration process. The formulation of the
new CPF benefitted from extensive consultations held in
October 2015 and in January and March 2016, and involving
several line ministries, municipalities, civil society,
academia, and private sector across various regions of the
country, as well as representatives of the international
development community. The resulting proposal for engagement
under the FY16-20 CPF reflects a broad consensus of a wide
range of stakeholders and a shared understanding of
development priorities and challenges facing the country.
