The European Commission has officially approved the first tranche of funds to Montenegro under the EU Instrument for Reforms and Growth, continuing positive momentum in implementing the Western Balkans Growth Plan and reaffirming Montenegro’s EU integration commitment, according to the Ministry of Finance and the Ministry of European Affairs.
The first regular tranche amounts to €10.2 million, with €4.7 million provided as budget support through a favorable loan. The remaining €5.5 million will fund infrastructure projects via the Western Balkans Investment Framework (WBIF), consisting of €2.6 million in loans and €2.9 million in grants, to be disbursed in the coming period.
These funds reflect significant reform progress, including the establishment of a public register of state-owned enterprises, greater transparency in international agreements, introduction of energy certificates, expansion of broadband networks, full digitalization of public services, and adoption of EU-aligned legislation with a deadline of 28 February 2025. Ongoing reforms may receive an additional 24-month implementation period under EU rules without losing available funds.
The tranche disbursement signals measurable progress in reforms and effective utilization of EU support to advance development and integration, with both ministries committed to coordinated and efficient management of these resources for improved quality of life in Montenegro.
