Strong support from the World Bank to continue in the future

Deputy Prime Minister and Minister of Capital Investments Ervin Ibrahimović met with World Bank Director for Bosnia and Herzegovina and Montenegro Christopher Sheldon.

This meeting marked the continuation of the successful collaboration between the Ministry of Capital Investments and the World Bank. A testament to this fruitful partnership is the recent signing of an agreement in February of this year, securing the largest-ever support from the World Bank to Montenegro for the transportation sector through the Trade and Transport Facilitation Project for the Western Balkans. The meeting provided an opportunity to review the ongoing cooperation and explore avenues for further improvement, both in the transportation and energy sectors.

During the meeting, Mr. Sheldon also informed about the World Bank's support for the reconstruction of the Foča-Hum road, concerning Bosnia and Herzegovina's forthcoming application to the Investment Framework for the Western Balkans. This application aims to secure support for the construction of a bridge over the Tara River with access roads on both sides, a project that Montenegro is committed to supporting, in accordance with a previously reached agreement.

Minister Ibrahimović expressed his satisfaction with the intensified cooperation with the World Bank during his tenure and conveyed confidence that the support for the implementation of reform measures will be further intensified in the coming period, with the bank's assistance. He emphasised that this cooperation is in the broader economic interest and will ultimately benefit every citizen.