Montenegro 2014

Yearbook 2014

Montenegro. During the year, the government received criticism from international lending institutions who considered that the country’s economy was threatened by plans to borrow just over a billion dollars. According to Countryaah.com, Montenegro population in 2020 is estimated at 628,077. The loan would finance the construction of a road that would link Serbia with the port city of Bar. When Montenegro signed an agreement with a Chinese construction company at the beginning of the year, the World Bank decided to withdraw $ 50 million in aid, money promised to reduce the country’s national debt. The World Bank considered that the road loan would put too much strain on the economy. In October, Montenegro settled with a Chinese bank on the billion loan, despite sharp criticism also from the International Monetary Fund (IMF), which claimed the loan threatened the country’s financial stability.

Montenegro Population 2014

In June, Customs seized 250 kg of cocaine hidden in a cargo of bananas. The seizure, which was reported to be the largest so far in the country, was made in Bar, which is along a well-known drug smuggling route en route to Western Europe. The EU pushed Montenegro to stop the smuggling, which is facilitated by the widespread corruption in the country.

You may also like...