{"id":1830,"date":"2019-04-12T15:07:04","date_gmt":"2019-04-12T13:07:04","guid":{"rendered":"http:\/\/publicfinance.undp.sk\/?page_id=1830"},"modified":"2026-03-05T22:29:18","modified_gmt":"2026-03-05T21:29:18","slug":"cierna-hora","status":"publish","type":"page","link":"https:\/\/publicfinance.undp.sk\/en\/cierna-hora\/","title":{"rendered":"Montenegro"},"content":{"rendered":"

[vc_row css=”.vc_custom_1553075781681{padding-top: 50px !important;}”][vc_column width=”1\/4″][vc_column_text][\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_row_inner][vc_column_inner][vc_column_text]Montenegro applied for EU membership in 2008. While the country made <\/span>significant progress<\/span> in implementing necessary reforms and aligning its laws in the <\/span>initial<\/span> years, recent progress has been slower<\/span>.<\/span><\/span><\/strong>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner][vc_column_text]<\/p>\n

Programme support for Montenegro<\/b><\/h2>\n

[\/vc_column_text][vc_column_text]Slovakia has gained a solid reputation in Montenegro by supporting the country in the process of gaining its state sovereignty. In the context of Slovak development cooperation efforts, Montenegro was assigned a priority country status in the national ODA strategy in 2009. <\/span>Montenegro is no longer explicitly defined as a priority country in the current strategy, but the Western Balkans is included among priority territories<\/span>\u00a0<\/span><\/p>\n

In Montenegro, we focus on <\/span>enhancing the efficiency, transparency, and accountability of public finance management (PFM)<\/span>. Several projects also aim to engage private sector in development cooperation. Montenegro has been a programme partner country since 2010.<\/span>\u00a0<\/span>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_single_image image=”418″ img_size=”large” alignment=”center”][vc_row_inner][vc_column_inner][vc_column_text]<\/p>\n

Public finance<\/b><\/h2>\n

[\/vc_column_text][vc_column_text]Within the initial comprehensive support from Slovakia, the Ministry of Finance of Montenegro received assistance in enhancing the accounting and reporting systems within the public sector. Later, additional areas of support were introduced, including increasing gambling revenues, strengthening the effective management of public finances at the local level, improving macroeconomic and fiscal forecasts, and managing public debt.<\/span>\u00a0<\/span><\/p>\n

Our current efforts focus on:<\/span>\u00a0<\/span><\/p>\n

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  1. Providing support for Montenegro’s PFM reforms \u2013 <\/span><\/b>we <\/span>address key issues in public accounting reform, local government finances, and revenue collection mechanisms.<\/span>\u00a0<\/span><\/li>\n<\/ol>\n
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    1. Tackling the informal economy \u2013 <\/span><\/b>this will foster a more transparent and competitive business environment, improve tax collection, and promote fair competition.<\/span>\u00a0<\/span><\/li>\n<\/ol>\n
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      1. Preparing Montenegro\u2019s financial systems for the future \u2013 <\/span><\/b>we do so by leveraging innovative financing solutions, including fintech, to promote green, inclusive, and digital transformations.<\/span>\u00a0<\/span><\/li>\n<\/ol>\n

        [\/vc_column_text][vc_cta h2=”Key achievements” h2_font_container=”tag:h3|text_align:center” h2_use_theme_fonts=”yes” h4_font_container=”tag:h4|text_align:left” add_icon=”top” i_icon_fontawesome=”fas fa-check-circle” i_size=”lg” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” i_on_border=”true”]<\/p>\n