Executive Director at the Board of the World Bank Group, Frank Heemskerk, in a farewell visit to Montenegro

06/09/2018

Governor of the Central Bank of Montenegro, Mr Radoje Žugić, with his associates, hosted the Executive Director at the Board of the World Bank Group, Frank Heemskerk. Mr Heemskerk’s mandate expires as of 1 November of the current year, when another person will be elected to perform this function in the following period.

Governor Žugić expressed gratitude to Mr Heemskerk on the cooperation and personal contribution in securing the strong support of the World Bank to Montenegro in many areas. "Your support to the Central Bank of Montenegro, along with our activities, resulted in the improvement of the banking sector, which is now characterized by positive operations' parameters," said Governor Žugić.

Mr Heemskerk thanked the Governor and the CBCG team for excellent cooperation in the previous period and expressed the expectation that the support of the World Bank to Montenegro would be even stronger through increasing the portfolio for future projects.