Montenegro

After gaining independence from Serbia and Montenegro in June 2006, Montenegro showed a stable basic economy overall, supported by a favorable tourism industry and foreign direct investment, but the effects of the global financial crisis in the second half of 2008 resulted in a rise in factors that contribute to instability, such as a drop in real estate prices and fewer tourists. JICA's support to Montenegro is primarily focused on: 1) the transition to a market economy, 2) medical care and education, 3) environmental conservation, and 4) socioeconomic infrastructure.