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Montenegro - Country partnership framework for the period FY16-FY20 (English)

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 mediumterm 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.


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    Country Assistance Strategy Document

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    Europe and Central Asia,

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    Montenegro - Country partnership framework for the period FY16-FY20

  • Keywords

    multilateral investment guarantee agency;Job Creation;Completion and Learning Review;public finance;Labor Market;labor force participation;Rule of Law;access to health service;public debt;Financial Sector;efficiency of public spending;investment in energy efficiency;transboundary water resource management;rights of disabled people;Policy and Institutional Framework;public sector wage bill;female labor force participation;private sector job creation;integrated water resources management;impact on poverty reduction;Management of Natural Resources;small and medium enterprise;Technical and Vocational Education;Fiscal Sustainability;social protection system;global financial crisis;control of corruption;economies of scale;demand for labor;high skilled labor;international development community;private sector stakeholder;labor market demand;independent monetary policy;public debt dynamics;seasonal migrant worker;vulnerable group;civil society;Financial Stability;source of employment;risky sexual behavior;cost of capital;foreign direct investment;Labor Market Flexibility;private sector activity;program of fiscal;medium-term fiscal plan;decline in poverty;income of household;vulnerability to shock;external debt sustainability;future growth opportunity;compulsory social contribution;disaster risk management;transport and energy;skills and support;civil society development;financial sector stability;Public Financial Management;industrial waste management;Public Finance Management;industrial waste disposal;child care services;access to ict;business support service;access to finance;quality of education;growth and development;long term growth;public service delivery;natural resource service;enforcement of contract;quality at entry;dimension of governance;passive labor market;quality of infrastructure;female unemployment rate;labor market outcome;fields of study;lack of education;area of governance;high speed internet;implementation of reform;current account deficit;investments in infrastructure;foreign capital inflow;absolute poverty line;years of schooling;determinants of poverty;low poverty rate;public sector employment;labor market opportunities;public sector job;fiscal consolidation;inclusive growth;gender disparity;Gender Gap;high unemployment;human capital;social transfer;banking sector;market economy;Fiscal policies;private investment;increased demand;environmental sustainability;highway construction;citizen engagement;fiscal policy;tourism;good governance;justice sector;government arrears;environmental risk;Vocational Training;bank program;capital accumulation;Public Services;metal industry;agriculture sector;regulatory standard;broad consensus;development partner;real gdp;fiscal deficit;external shock;vulnerable household;government spending;potential barrier;Real estate;legal framework;political context;manufacturing industry;regulatory quality;economic recovery;reservation wage;promoting equality;older woman;comparative advantage;fiscal balance;tax legislation;adult equivalent;financing cost;Ethnic Minorities;life expectancy;contingent liability;fiscal framework;contingent liabilities;primary schooling;rural area;skill mismatch;



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Montenegro - Country partnership framework for the period FY16-FY20 (English). Washington, D.C. : World Bank Group.