Country Partnership Framework for Montenegro for the Period FY16-FY20

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 (C...

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Bibliographic Details
Main Authors:	World Bank, International Finance Corporation, Multilateral Investment Guarantee Agency
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	NEW MARKET ADVISORY SERVICES MONETARY POLICY DEPOSIT CAPITAL MARKETS UNEMPLOYMENT RATES GOVERNMENT EXPENDITURES ECONOMIC GROWTH PEOPLE ENVIRONMENTAL PROTECTION CAPITAL ACCUMULATION WASTE MANAGEMENT PUBLIC-PRIVATE PARTNERSHIPS ETHNIC MINORITIES FINANCING BRIBES FISCAL DEFICITS DISPOSABLE INCOME LOAN-TO-DEPOSIT RATIO INTEREST CARBON ENVIRONMENTAL PROBLEMS EXPECTATIONS GUARANTEES PRIVATIZATION ENROLLMENT BARRIERS TO EMPLOYMENT RESOURCE MANAGEMENT CREDIT CRUNCH HEAVY METALS POLITICAL ECONOMIES ECONOMIC DEVELOPMENTS BALANCE OF PAYMENTS FINANCIAL RESOURCES RESOURCE ALLOCATION LABOR FORCE ETHNIC GROUPS REVENUES ENVIRONMENTAL ISSUES MORTGAGE WELFARE ENDOWMENTS INCENTIVES LOAN MODELS LABOR FORCE PARTICIPATION CORRUPTION TAX LEGISLATION SUSTAINABLE DEVELOPMENT PAYMENTS INTERNATIONAL BANK ACCESS TO EDUCATION MINORITY POPULATIONS INTERNATIONAL FINANCE LABOR MARKET FISCAL POLICIES INEQUITABLE ACCESS SAVINGS PUBLIC-PRIVATE PARTNERSHIP GENDER GAP FINANCIAL INSTITUTION GOVERNMENT POLICY EDUCATIONAL ATTAINMENT UNION CURRENT ACCOUNT GROWTH OPPORTUNITIES VULNERABLE HOUSEHOLDS OPERATIONAL COSTS FINANCES OPTIONS LABOR PRODUCTIVITY DEBT PRIVATE INVESTMENT LIMITED ACCESS FINANCING NEEDS POLLUTION POLICY DESIGN LOANS ENTERPRISES NATURAL RESOURCES DEBT SERVICE CAPITAL INVESTMENTS METALS GENDER ISSUES ECONOMIC REFORM REAL ESTATE FINANCE EFFICIENCY FINANCING COSTS PUBLIC INVESTMENT TAXES INVESTMENT DECISIONS EFFECTIVE USE BANKS FISCAL DEFICIT EXPENDITURE RESOURCES MARKET ECONOMY UNEMPLOYMENT ENERGY CONSUMPTION EQUITY LOAN REPAYMENT CONSUMPTION GENDER GAPS INTEREST PAYMENTS DOMESTIC VIOLENCE RURAL COMMUNITIES GENDER SEGREGATION CAPITAL WAGES CLIMATE CHANGE ENVIRONMENTAL MANAGEMENT VALUES GENDER BANK FOREIGN DIRECT INVESTMENT CREDIT VULNERABLE GROUPS ENVIRONMENTAL IMPACTS DEMAND SUSTAINABLE GROWTH URBAN AREAS PUBLIC EXPENDITURES HOUSEHOLD REPAYMENT EXPENDITURES ENTERPRISE PROPERTY JOB CREATION EMPLOYMENT GROWTH MIGRANT WORKERS ENVIRONMENT BUSINESS CONFIDENCE DIVERSIFICATION WASTE DISPOSAL TAX REVENUE PROFITABILITY ENERGY EFFICIENCY HUMAN RIGHTS ECONOMIC DEVELOPMENT TRADE ECONOMIC OPPORTUNITIES FINANCIAL SECTOR ASSESSMENT LAND SECURITY ECONOMIES OF SCALE FINANCIAL MARKET INVESTMENT COMMERCIAL BANKS HOUSEHOLDS COMPARATIVE ADVANTAGE PUBLIC PARTICIPATION EQUALITY PUBLIC FINANCES COAL EXTERNAL SHOCKS REVENUE HIGH UNEMPLOYMENT STUDENTS SCIENTIFIC RESEARCH INVESTMENTS BORROWING RISK MANAGEMENT RECYCLING HOUSEHOLD WELFARE EXTERNAL FINANCING GUARANTEE AGENCY EXCHANGE RATE FISCAL DISCIPLINE FAMILIES WOMEN IDENTITY DOCUMENTS ENVIRONMENTAL ARREARS WETLANDS PRICES GUARANTEE ECONOMIES GENDER EQUALITY DISABLED PUBLIC GOODS
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26407312/montenegro-country-partnership-framework-period-fy16-fy20 http://hdl.handle.net/10986/24591

Description
Summary:	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.

Country Partnership Framework for Montenegro for the Period FY16-FY20

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