Montenegro and the EIB

The EIB has been active in the Western Balkans since 1977, while the first operation in Montenegro was signed in 2009.

We contributed to improve five main roads in the country by blending an EIB €40 million loan with an €1.5 million technical assistance grant under the Economic Resilience Initiative (ERI), the first ERI grant awarded to a project in the Western Balkans.

Besides the upgrade of key infrastructure and private sector development through SMEs financing, our work in the country in the context of the economic and social development of the Western Balkans focuses on stepping up competitiveness, innovation and climate action projects.

Most recently, as part of our ongoing support for improving the school systems in the region, we have made our first investment in an education project in Montenegro.

At a glance

The EIB provides finance and expertise for sound and sustainable investment projects in Montenegro.

EIB activity in Montenegro by sector

(since start of operations)

EIB stories in Montenegro

Individual stories speak louder than figures and charts. Discover how our work improves the quality of life in Montenegro and beyond

26 September 2024 Gordana Kovacevic

Montenegro’s digital transition starts at school

Improving education in Montenegro with Team Europe support

Infrastructure Western Balkans Montenegro Enlargement Countries Education and training
29 August 2024 Gordana Kovacevic

15 years of the WBIF

The European Union’s main investment vehicle for the Western Balkans marks a decade and a half of success—and plots an increase in infrastructure investment for the region

Infrastructure Western Balkans Montenegro Albania Serbia Enlargement Countries
10 June 2024 Gordana Kovacevic

Albania on track

Albania rebuilds its railways with financial and technical support from the EU—and cuts emissions

Railways Western Balkans Sustainable transport Montenegro Albania Enlargement Countries Transport Climate action and environment
12 January 2024 Kyriacos Kakouris

Free advice times three

Infrastructure development across the Western Balkans gets a boost from a tripling of EU advisory work

Infrastructure Montenegro Albania Türkiye Serbia Enlargement Countries Development Climate action and environment
21 September 2022 Gordana Kovacevic

Montenegro on track

A new impetus for Balkans rail infrastructure brings sustainable, smart boosts across the region, including in Montenegro

Infrastructure Railways Montenegro Serbia Enlargement Countries Transport
8 September 2022 Gordana Kovacevic

Recovery and decarbonisation in Montenegro

For Montenegro SMEs COVID-19 recovery and long-term challenges like climate change get a boost from EU financing

Montenegro Enlargement Countries SMEs Health and life sciences
30 September 2021

EIB and the Western Balkans: a concrete support

The EIB is proud to be the lead financier in the Western Balkans Investment Framework - an ambitious European Commission led initiative that combines financing from International Financial Institutions with EU grants accelerating much needed investments in Albania, Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia and Serbia.

*This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo Declaration of Independence.

Investment Montenegro Albania North Macedonia Serbia Bosnia and Herzegovina Kosovo* Enlargement Countries Economics
9 June 2021

The City Climate Finance Gap Fund - supporting cities around the world

This video presents the second round of city announcements benefitting from the City Climate Finance Gap Fund. The World Bank and the European Investment Bank (EIB) in cooperation with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), are implementing the City Climate Finance Gap Fund, a new partnership supporting green, inclusive, resilient, creative and competitive cities in developing countries. Through donor-supported technical assistance, with a target of at least 100 million in funding, the Gap Fund aims to unlock an estimated 4 billion to help cities transform climate ambition into finance-ready projects.

Find out more

Water Partnerships Partners Climate Renewable energy Energy efficiency City Climate Finance Gap Fund Sustainable transport Mandates and partnerships Vanuatu Ecuador Montenegro Ukraine South Africa Mexico Africa, Caribbean, Pacific countries + OCT Eastern Europe, Southern Caucasus Enlargement Countries South Africa Asia and Latin America Urban development Transport Development Climate action and environment Energy Institutional Water, wastewater management
30 July 2020

Development Solutions: Air, food and education

For a safer, healthier and wealthier world, invest in education in developing countries. Here are some solutions to equip children for success in school and life.

Partners Economic resilience Development solutions Montenegro Enlargement Countries Education and training Development Migration Institutional
18 April 2018 Nikola Simic

One of Europe’s most beautiful railways recaptures past glory

The Montenegro railway upgrade is the first in 40 years

Infrastructure Railways Partners Economic resilience Western Balkans Montenegro Enlargement Countries Infrastructure Transport Development Migration Institutional

Get EIB support in Montenegro

We can provide you with various type of financing to implement projects that promote growth and jobs in your country. We support small businesses, innovation, climate and infrastructure. Get an overview here for the whole EIB Group product range

If you need a loan over EUR 25m,
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