Cabinet adopts Annual Programme of Action, Montenegro Economic Reform Programme 2016-2018

    Podgorica, Montenegro (22 January 2016) – With a view to achieving strategic objectives of the four-year programme, based on the integration into the EU and NATO, creating conditions for dynamic development and further strengthening of the rule of law, the Montenegrin Cabinet adopted at its yesterday’s session the Annual Programme of Action.

    The programme provides for the implementation of 14 priority development projects, 105 commitments under the thematic and 65 commitments under the normative part. The Government’s efforts in 2016 will be concentrated on further harmonisation of the national legislation with that of the EU, as well as on the continuation of reforms in the judiciary, public administration and local government, with an emphasis on the implementation of legislation and strengthening of administrative capacity, as key conditions not only for further progress of Montenegro towards the membership in the EU, but also for continuous development of the society. Given that the main development priority at the national level is achieving smart, sustainable and inclusive growth in the energy, tourism, transport and agriculture, the Government will continue implementing the major projects in these areas. The government will implement a number of measures that will increase the competitiveness of less developed region, build human resources and create new jobs. Special attention will be paid to attracting foreign direct investment, which should be an important backbone of the future development of Montenegro.

    The Cabinet also endorsed the Montenegro Economic Reform Programme 2016 – 2018, which is the most important economic document in the country, representing its economic policy in the medium term and the basis for the economic dialogue with the EU, structured according to requirements and methodology of the European Commission. The objective of the economic policy in the period up to 2018 will be intense and sustainable economic growth and the creation of new jobs. The economic policy will be focused on increasing competitiveness of the Montenegrin economy, implementation of structural reforms and infrastructure development aimed at attracting domestic and foreign direct investment. According to the Economic Reform Programme, Montenegro’s economic policy priorities are as follows: further development of transport infrastructure, fiscal sustainability, favourable investment climate, systematic reduction of informal employment, creation of conditions for loan growth and development of small and medium-sized enterprises, strengthening the external position of the country and building human capacities. These are solutions for speeding up economic growth, in line with the EU recommendations for Montenegro.

    Source: Government of Montenegro