World Bank extends EUR 12mn financial support to Montenegro for education.

By bne IntelliNews February 22, 2012
The World Bank and Montenegro signed EUR 12mn credit agreement for financing the education reform in the country, Montenegro's finance ministry reported. Funds from the loan will be allocated to a project, implemented by the education ministry, which aims at promoting higher education and raising competitiveness and innovation. The loan has maturity of 15 years, including four years grace period.
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