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Montenegro - Achieving Sustainable and Inclusive Growth Amidst High Volatility Project : systematic country diagnostic (English)

This Systematic County Diagnostics is organized into six parts. The first part presents a brief overview of the country’s recent socio-political and economic context. The second part examines the links between poverty, income distribution and economic growth, through the labor market, against the background of large changes in international capital flows and the unfinished structural reform agenda. The third part, examines the sustainability and vulnerability of the current growth model. The fourth part examines the structural constraints to sustainable and inclusive growth and poverty reduction, while the fifth part reviews the governance and the rule of law foundations. The assessment of each constraint is followed by a description of what the Government of Montenegro (GoM) is doing to address the issue. The sixth part examines priorities and opportunities.


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    Systematic Country Diagnostic

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    Europe and Central Asia,

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    Montenegro - Achieving Sustainable and Inclusive Growth Amidst High Volatility Project : systematic country diagnostic

  • Keywords

    information and communication technology;rate of return to capital;Centers for Social Work;increase in government expenditure;balance of payment data;bank regulation and supervision;Active Labor Market Policies;Environment and Natural Resources;active labor market policy;Growth Elasticity of Poverty;efficiency of public spending;net primary school enrolment;labor force participation rate;private sector job creation;lender of last resort;higher level of education;public sector wage premium;marginal effective tax rate;Rule of Law;rate of growth;command and control;gross value;international financial crisis;foreign direct investment;inflow of capital;demand for labor;social protection program;share of labor;engine of growth;expansionary fiscal policy;international capital flow;reduction in poverty;income of household;high unemployment rate;source of employment;impact of remittance;labor market dynamic;sovereign credit rating;formal labor market;sovereign debt crisis;determinants of poverty;labor force survey;modern market economy;number of migrants;Exchange rate policies;exchange rate policy;trade and investment;trade and competitiveness;data on migration;formal financial institution;global economic crisis;tax revenue collection;ports and logistics;access to justice;gross public debt;lack of skill;Migration and Remittances;decline in poverty;Transport and ICT;constraints to growth;household budget survey;labor market issue;total labor force;free trade agreement;wastewater treatment plant;competitive private sector;risk management tool;access to finance;fight against corruption;contribution of education;functioning market economy;capital account reversal;domestic aggregate demand;weights and measure;road user payment;current account deficit;public sector employment;expansion of imports;internet service provider;level of capacity;foreign capital inflow;development of market;total factor productivity;labor market development;vulnerability to poverty;transmission and distribution;train car;economies of scale;net national product;Human Immunodeficiency Virus;maternal mortality rate;value added tax;Capital Inflows;Real estate;business cycle;Fiscal policies;small states;economic bust;reservation wage;banking sector;inclusive growth;fiscal deficit;increased demand;governance issue;fiscal space;social assistance;human capital;small country;real gdp;political uncertainty;real growth;open unemployment;fiscal framework;legal framework;monetary policy;program leader;government spending;bankruptcy procedure;nonperforming loan;skill mismatch;business environment;health problem;Economic Management;physical infrastructure;Financial Sector;domestic demand;foreign investor;poverty reducing;redundancy costs;firm growth;dependency ratio;open economy;vulnerable group;skill acquisition;rural population;Financial Stability;market force;electricity price;gini coefficient;private consumption;commercial bank;credit growth;private-sector activity;external imbalance;tourist destination;tourism investments;Industrial Policies;state road;political commitment;fundamental right;labor demand;logistics cost;government consumption;knowledge gap;density function;regulatory quality;labor productivity;local stakeholder;trade links;cyclical factor;court decision;legal act;pension system;bank lending;capital accumulation;price stability;accession process;convergence criteria;euro zone;economic model;worker self-management;finding job;regulatory barrier;transition economy;agricultural employment;technological content;merchandise export;Transition economies;export growth;survival strategy;aging population;commercial service;middle age;skilled job;increase growth;labor mobility;productivity growth;natural disaster;negotiation process;poor household;shared growth;activity rates;private enterprise;household survey;market institution;public good;Public Goods;limited capacity;National Institutions;government capacity;compatible regulatory;federal government;property right



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Montenegro - Achieving Sustainable and Inclusive Growth Amidst High Volatility Project : systematic country diagnostic (English). Washington, D.C. : World Bank Group.