Montenegro became a shareholder and member of IFC in 2007. Since then, IFC's investment in Montenegro totaled $86.8 million in 7 projects across a variety of sectors. Our committed investment portfolio in Montenegro as of 30 June 2015 is $31.6 million. IFC focuses its investment services in Montenegro on increasing access to finance by supporting the development of local financial institutions, particularly ones that lend to small and medium enterprises. IFC also invested in the country’s retail sector and is looking into opportunities offered by the country’s dynamic economy. Through the joint GPs and independently, IFC’s advisory services in Montenegro aim to improve the investment climate, performance of private sector companies, and to attract private sector participation in development of infrastructure projects.
IFC’s Strategy in Montenegro
Through a combination of investment and advisory services we will continue to partner with clients in strategic sectors crucial for Montenengro’s long-term sustainable development, with a particular focus on:
The financial sector with a special emphasis on small and medium enterprises and energy efficiency lending
Climate change including investments in infrastructure and energy sectors
Agribusiness with an emphasis on food retail and manufacturing
Business infrastructure with a focus on logistics and distribution
Sub-national finance with a focus on municipal infrastructure and waste management
Details of projects currently in progress can be found in IFC Disclosure. For completed projects see press releases below or visit the IFC Press Room.