KfW Development Bank willing to support Montenegro's development potentials

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Berlin, Germany (6 May 2015) -- Prime Minister Milo Đukanović met in Berlin with senior officials of KfW Development Bank Christoph Tiskens and Kirk Mildner.

"Montenegro's cooperation with Germany and its development organisations is of major importance for the country’s socio-economic development. Fifteen-years long cooperation and more than three hundred million invested in projects in the fields of communal infrastructure, energy and transport testify to Germany’s partnership and commitment to boosting Montenegro's development," Prime Minister Đukanović underlined.

KfW’s senior officials concluded that the successful cooperation in the previous period is the best recommendation for providing further support to Montenegro’s economic development through the partnership in implementing projects in the sectors of tourism, infrastructure and energy.

Dynamic development of Montenegro and its successful integration form a good basis for continuing mutual cooperation, KfW’s Director for South East Europe and Turkey Christoph Tiskens noted.

One of Germany's leading banks is willing to strongly support Montenegro’s development, the KfW’s representatives announced at their today’s meeting with Prime Minister Đukanović. In that context, the meeting addressed future cooperation mechanisms and assistance to build infrastructure in line with the requirements of Montenegro as an elite tourist destination.

The meeting also discussed cooperation in terms of energy and valorisation of significant hydro potential of Montenegro. Representatives of the KfW also stressed Montenegro’s leading position in the field of energy efficiency.