Montenegro Forest for Shared Prosperity

About this project

The proposed project interventions will focus on improving the bioeconomy of Montenegro through the strengthening of economic viability of the forest industry and forest fire management including improvement of the enabling policy and institutional environment. On the one hand it aims at ensuring the sustainability of the supply chain of forest products through sustainable forest management to enhance economic benefits, ecosystem services and carbon sequestration. This includes integrating environmental, economic and social responsible principles and benchmarks into the supply chain management of the forest products. This entails the standardization and certification of forest products to ensure the quality of forest management and production, increasing transparency to curb illegal logging, intensifying forest fire protection, and modernizing forest management system. On the other hand, the proposed project focuses on improving the economic viability of the forest industry in Montenegro to enhance economic benefits and carbon conservation. This includes support to addressing market challenges and developing wood-processing industry. Lastly, the proposed project will also support regulatory developments and institutional capacity building to ensure responsible forest resource management, enhancing informed forest management decisions, improve value-added production, and ensure compliance with international sustainability standards while contributing to the country's economic…

Published by

World Bank · Multilateral

Countries

Montenegro

Sectors

Forestry policy and administrative managementMulti-hazard response preparedness

Places

Podgorica

Funded by

International Bank for Reconstruction and Development

Implemented by

Ministry of Agriculture, Forestry and Water Management

Accountable

Ministry of Finance

Passes funds through

International Bank for Reconstruction and Development

Published by World Bank to the International Aid Transparency Initiative (IATI), last updated 3 Oct 2026 and imported automatically. IATI identifier: 44000-P507869.

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