CBCG Governor Meets with the World Bank Country Manager for Bosnia and Herzegovina and Montenegro

08/04/2025

Irena Radović, the Governor of the Central Bank of Montenegro (CBCG), and her team met today with Christopher Sheldon, the World Bank Country Manager for Bosnia and Herzegovina and Montenegro. The meeting occurred just before the upcoming International Monetary Fund and World Bank Spring meetings in Washington.

During the meeting, they focused on several key topics of mutual interest, including the ongoing preparations for implementing the TIPS Clone project and enhancing CBCG’s cyber security and supervisory capacities. Additionally, they explored further cooperation in modernising the payment system modernisation, including technical support and assessment of compliance with relevant international standards.

Governor Radović expressed gratitude to the World Bank representatives for their continuous support and constructive partnership, which have significantly bolstered institutional capacities and financial infrastructure in Montenegro.

“Recognising and appreciating the CBCG’s proactivity and its strong contribution to positioning Montenegro as a regional leader in many fields, the World Bank fully supports its initiatives and remains a strong partner on the path of further reforms,” noted Sheldon.

The meeting reaffirmed their joint commitment to continue successful cooperation in creating a modern, resilient and inclusive financial system in Montenegro.