- The EUR 18m loan will finance the construction and renovation of education facilities and kindergartens in the capital Podgorica and in nine municipalities across the country
- The financing operation will focus on increasing the country’s schooling capacity by creating an additional 2,070 places
- Strong employment impact with the creation of around 530 new full-time jobs, mostly for teachers
- This first EIB project in the education sector in Montenegro will also benefit from an Economic Resilience Initiative (ERI) grant
The European Investment Bank (EIB) announced today its first investment in an education project in Montenegro, by contributing to the upgrade of the [...]