Improving Public Finance Management (PFM) is a vital component of Public Administrative Reform (PAR) in Montenegro. A robust PFM reform is not only essential for economic growth across all sectors but also for enhancing the quality of life for citizens.

GOPA Worldwide Consultants, in collaboration with GOPA PACE, is implementing the ‘EU 4 Public Finance Management in Montenegro’ project which represents a pivotal step in Montenegro's journey toward sustainable economic growth and effective governance as a crucial part of the country's path to European Union (EU) accession. 

The three-year project, funded by the EU, officially kicked-off in November and brings together a team of three key experts supported by a pool of non-key Experts (NKEs). Launch activities included initial meetings with donor and beneficiary representatives, as well as a productive week-long on-site visit by the backstopping team.

Why PFM Matters:

PFM’s cross-sectoral significance is critical to advancing numerous benchmarks, particularly within these negotiation chapters:

Chapter 5: Public Procurement

Chapter 8: Competition Policy

Chapter 16: Taxation

Chapter 17: Economic and Monetary Policy

Chapter 18: Statistics

Chapter 22: Regional Policy and Coordination of Structural Instruments

Chapter 29: Customs Union

Chapter 32: Financial Control

Chapter 33: Financial and Budgetary Provisions

Project Goals and Objectives

Overall Objective:

To enhance the efficiency, effectiveness, and transparency of public finance management in Montenegro.

Specific Objectives:

• Improve Coordination and Reporting for the PFM reform program
• Strengthen Fiscal Frameworks and budget planning processes
• Enhance Financial Control, Accountability, and Audit Practices