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Montenegro - Policy notes 2017 (English)

Montenegro and the World Bank Group (WBG) have jointly prepared a robust program of cooperation for the next four years. In the past 18 months, the World Bank Group has prepared the Systematic Country Diagnostic (SCD) for Montenegro, a comprehensive analytic report outlining challenges and opportunities that the country is facing on the road to sustained growth and prosperity, and the Country Partnership Framework (CPF), a document that sets out the goals and priorities for World Bank Group program in Montenegro for the next four years. Both the SCD and the CPF were informed by extensive and broad consultations with the government, local communities, private sector, civil society and international development partners active in Montenegro. In particular, the CPF, World Bank Group strategy in Montenegro that came into force in June 2016, has been developed on the basis of the diagnostic and of the government’s own strategic priorities. Bank’s strategy is focused on two priority areas: Enhancing Macroeconomic and Financial Resilience, and Enabling Inclusive Access to Economic Opportunities and Jobs. The following policy notes summarize the key challenges, policy options and ways in which WBG could provide effective support. These are fully consistent with the recommendations of the Systematic Country Diagnostic and goals of the Country Partnership Framework, and aim to present a concise and clear set of proposals for each priority area. The Notes form a consistent document but each one of them can be used as a stand-alone piece for discussion with the relevant sector stakeholders. There are three thematic Notes outlining key priority areas – macro-fiscal and financial resilience, private sector and jobs, and environmental sustainability. Each of these is accompanied by a series of sector notes that provide additional detail.


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    Europe and Central Asia,

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    Montenegro - Policy notes 2017

  • Keywords

    Micro, Small and Medium Enterprise;social assistance;environmental management policy;active labor market program;social assistance program;early retirement;female labor force participation;quality health care;small and medium size enterprise;education and training system;Life in Transition Survey;improving access to finance;Consumer Protection and Financial;quality of public service;pension and social assistance;quality of health care;labor market information system;cost of service delivery;active labor market policy;Active Labor Market Policies;Municipalities;cost of compliance;intellectual property rights;health information system;product market regulation;work disincentives;improved service delivery;years of service;total factor productivity;public employment service;public sector wage;quality of care;social assistance system;public service delivery;fiscal pressure;Financial Sector;investments in agriculture;adoption of standard;years of schooling;labor market demand;Public Financial Management;long-term care facilities;tourism value chain;primary care doctor;criminal justice system;social protection system;implementation of reform;control of corruption;enforcement of contract;transfer of knowledge;technology extension services;export of goods;sick leave policy;resource allocation decision;line item budget;collective bargaining agreement;access to equity;jobs and growth;urban partnership;public procurement process;health technology assessment;quality control standards;factor of production;integrated information system;Public Finance Sustainability;labor market participation;initial replacement rate;primary health care;global financial crisis;real estate investment;international development partner;public health information;Transport and ICT;collection of arrears;number of beneficiaries;Public Sector Governance;Check and Balances;weak corporate governance;banking system asset;financial sector law;international good practice;risk management approach;corporate income tax;collection of tax;Early Childhood Development;barriers to investment;tax and regulation;Rule of Law;Private Sector Growth;quality and efficiency;labor market assessment;social service agencies;pension reform effort;general education system;working age population;enforcement of labor;Labor Market Flexibility;impact on health;risk management capacity;accumulation of arrears;procurement pharmaceutical;capacity of individual;fiscal consolidation effort;families with child;lack of integration;pension system;fiscal deficit;public debt;Job Creation;dependency ratio;vulnerable group;budget support;policy option;Financial Stability;fiscal capacities;business process;business environment;provider payment;informal worker;contract enforcement;social contribution;social transfer;vat rate;firm growth;aging population;Fiscal Sustainability;minimum pension;registration process;regulatory burden;private spending;labor standard;external source;minimum wage;taxpayer information;Employment Services;vicious cycle;own-source revenue;exclusion error;Employment Policies;employment policy;Tax Administration;administrative cost;highway construction;Sustainable Tourism;electronic filing;tourism industry;investment loan;government spending;migrant worker;activity rates;family benefit;Ageing Population;Public Spending;part-time work;tax base;bottom quintile;seasonal job;health expenditure;joint service;monitoring indicator;legal framework;skill development;small states;



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Montenegro - Policy notes 2017 (English). Washington, D.C. : World Bank Group.