The Central Bank of Montenegro joined Montenegro’s Ministry of Finance in talks with the World Bank’s Vice President for Europe and Central Asia, Antonella Bassani, reviewing ongoing cooperation and the World Bank Group’s new Partnership Framework for Montenegro for 2025–2029 valued at USD 350 million. The World Bank highlighted Montenegro’s progress toward European Union membership, including the closure of Chapter 5 on public procurement, and pointed to cooperation between the Ministry of Finance and the Central Bank on accession to the Single Euro Payments Area (SEPA) and the implementation of the TIPS clone project. Montenegro’s Minister of Finance noted that cooperation to date has supported projects worth EUR 700 million across fiscal reform, the green transition, digitisation and infrastructure strengthening, while the Central Bank emphasised World Bank support for aligning the regulatory framework with the EU legal acquis and modernising the payment system. The World Bank also announced a new programme aimed at strengthening regional cooperation and sharing experiences among countries.
Central Bank of Montenegro 2025-07-04
Central Bank of Montenegro discusses SEPA and TIPS clone implementation as World Bank confirms USD 350 million 2025–2029 partnership framework
The Central Bank of Montenegro and Montenegro’s Ministry of Finance met with the World Bank’s Vice President for Europe and Central Asia to review ongoing cooperation and the new USD 350 million Partnership Framework for 2025–2029. Discussions highlighted Montenegro’s EU membership progress, SEPA accession cooperation, and the TIPS clone project. The World Bank announced a new programme to enhance regional cooperation and experience sharing among countries.