Gordana Kovacevic
- European Investment Bank
- Communication Department
- Vladimira Popovića 38-40
- 11070 Belgrade
- Serbia
At the event held today in Podgorica, the European Investment Bank (EIB Global) and Montenegro's Ministry of Ecology, Sustainable Development, and Northern Region Development have signed a €22.5 million grant agreement, funded by the EU, to develop sustainable water supply and wastewater systems in the municipalities of Kolašin, Rožaje, and Mojkovac. These projects aim to improve the quality of communal water and sanitation services, safeguarding both public health and the environment. By upgrading water quality in areas downstream of the Tara and Ibar rivers, these efforts will also promote sustainable tourism and enhance the living conditions of approximately 30 000 people.
In 2024, the European Investment Bank Group (EIB Global) financing for new projects reached €693 million in loans and grants for the countries of the Western Balkans for energy security, sustainable transport, climate action, digital and human capital development. Out of these funds, €527 million have been signed in loans, €164 million in EU grants under the Western Balkans Investment Framework (WBIF) and €2 million in grants under the EIB’s Economic Resilience Initiative. The largest share of new signatures was allocated to sustainable transport (43%), clean energy projects (31%, a record) and the private sector (20%).
The European Investment Bank (EIB Global) has appointed Miha Švent as its new representative for Bosnia and Herzegovina (BiH). Under the new stewardship, the EU bank will remain committed to supporting the country’s green transition, connectivity and progress on its EU accession path to build on the achievements made during the tenure of the outgoing EIB representative, Sandrine Friscia, whose mandate ended in 2024.