[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-112861-en":3,"doc-seo-112861-105":29,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},112861,962075114101,"Seraphina","https://ap-avatar.wpscdn.com/avatar/e000253a75eb197efd?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780044092746381165",8,"Research & Report","Montenegro Systematic Country Diagnostic Update - World Bank Group Report No. 160404-ME - June 2021","The Montenegro Systematic Country Diagnostic Update analyzes how strong boom-bust cycles undermine prosperity in a small, open upper-middle-income economy aspiring to join the EU. It explains how macro-financial vulnerabilities and policy choices interact with country characteristics to produce instability, social reversals, and weak long-term planning. The report outlines actions to strengthen resilience through improved macro-financial management, inclusive service delivery, better natural resource and climate management, and stronger public institutions and rule of law, supported by identified priority areas and key data gaps.","Public Disclosure Authorized Public Disclosure Authorized  \nReport No. 160404-ME  \nDOCUMENT OF  \nTHE WORLD BANK GROUP  \nMontenegro Systematic Country Diagnostic Update  \nJune 2021  \nEurope and Central Asia Region  \nTable of Contents  \nAcknowledgements....................................................................................................................................... 2  \n1. Introduction .......................................................................................................................................... 3  \n2. What drives Montenegro’s boom-bust cycles and why they matter ................................................... 7  \n2.1 Recent developments illustrate the recurring challenge of strong boom-bust cycles................. 8  \n2.2 Strong boom-bust cycles result from both country characteristics and policy choices ............. 12  \n3. How to address the causes and consequences of Montenegro’s boom-bust cycles: Improving economic resilience and reducing vulnerabilities....................................................................................... 15  \n3.1 Addressing macro-financial vulnerabilities and constraints to private sector growth............... 15  \n3.2 Enhancing service delivery, inclusion, and promoting work incentives ..................................... 26  \n3.3 Improving natural resource management and climate resilience.............................................. 32  \n3.4 Strengthening resilience requires stronger public institutions and rule of law ......................... 37  \n4. Priorities for improving economic resilience to achieve more sustainable growth and poverty reduction..................................................................................................................................................... 44  \nAnnex 1: Bar Boljare Highway................................................................................................................. 49  \nAnnex 2: Comparison of priorities with the 2015 SCD ........................................................................... 50  \nAnnex 3: Montenegro’s EU accession path ............................................................................................ 51  \nAnnex 4: Knowledge and data gaps ........................................................................................................ 53  \nAnnex 5: Key economic indicators .......................................................................................................... 54  \nEndnotes ..................................................................................................................................................... 55  \nAcknowledgements  \nThis report was prepared by a World Bank Group team led by Milan Lakicevic, Trang Van Nguyen, and Marc Schiffbauer, and consisting of: Denis Mesihovic, Dragana Varezic (country office); Jeren Kabayeva, Silvia Mauri (agriculture); Paul Scott Prettitore, Olivera Jordanovic (land); Frank Van Woerden, Klas Sander (environment and climate change); James Gresham, Bojana Naceva, Nathalie Lahire (education); Pedzi Makumbe (energy and extractives); Alper Ahmet Oguz, Dusko Vasiljevic (finance and private sector development); Ana Maria Oviedo (gender); Mediha Agar, Aleksandar Crnomarkovic, May Olalia, Srdjan Svircev, Orjana Ibrahimi (governance); Sevil Kamalovna Salakhutdinova (health, nutrition, and population); Gonzalo Javier Reyes Hartley, Zoran Anusic (social protection and labor); Marc Schiffbauer, Milan Lakicevic (macroeconomics, trade, and investment), Trang Van Nguyen, Carlos Ospino (poverty); Svetlana Vukanovic; Elena Lungu (transport); Natalija Gelvanovska (Digital Development); Axel Baeumler (urban); Roxanne Hakim, Bekim Ymeri, Ifeta Smajic (social); Berina Uwimbabazi, Igor Palandžić (water); Lada Busevac, Kazumasa Oba, Levent Karadayi (IFC); and Olanrewaju Malik Kassim (MIGA) .  \nThe report was prepared under the overall guidance of Linda Van Gelder (Regional D","cbCaiklC9F5Vx36l","https://ap.wps.com/l/cbCaiklC9F5Vx36l","pdf",1432922,1,59,"English","en",105,"# Introduction\n## What drives Montenegro’s boom-bust cycles and why they matter\n## How to address the causes and consequences of Montenegro’s boom-bust cycles\n## Priorities for improving economic resilience to achieve more sustainable growth and poverty reduction\n## Annex 1: Bar Boljare Highway\n## Annex 2: Comparison of priorities with the 2015 SCD\n## Annex 3: Montenegro’s EU accession path\n## Annex 4: Knowledge and data gaps\n## Annex 5: Key economic indicators\n# Endnotes","[{\"question\":\"What is the main problem Montenegro faces according to the diagnostic update?\",\"answer\":\"Strong boom-bust cycles and Montenegro’s vulnerability to these fluctuations are presented as a critical obstacle to greater prosperity and opportunities.\"},{\"question\":\"What causes the boom-bust cycles in Montenegro?\",\"answer\":\"The report attributes the cycles to both country characteristics and policy choices, including temporary construction booms supported by tax incentives and public spending, followed by busts correcting overheated markets from macro-financial imbalances.\"},{\"question\":\"What measures does the report recommend to improve economic resilience?\",\"answer\":\"Recommendations focus on addressing macro-financial vulnerabilities, enhancing service delivery and inclusion, improving natural resource management and climate resilience, and strengthening public institutions and rule of 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