- Submitted by: Montenegro
- Topic: Green economy in the context of sustainable development and poverty eradication
- Location: Montenegro
- Date of completion: 2008
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- This voluntary initiative came from Green economy policies, practices and initiatives
Regional Development Strategy
Description/achievement of initiativeAt the strategic level, the Regional Development Strategy of Montenegro which was adopted in 2008, founds the reduction of regional differences within the country and increased employment on the basis of the concept of low-carbon development in all main branches of economy and envisages introduction of measures for encouraging private investments into green business and sectors.
Source: Government of the Republic of Montenegro
Regional development strategy defines the objectives and instruments for the construction of the overall development potential, contribute to reducing inequalities in regional development and enhance the potential of those parts of the country which are lagging behind in the direction of the greater competitiveness. The relevant objectives of the Regional Development Strategy are adjusting and better links between development needs on local and regional levels with development priorities at the state level and providing support to less developed regions municipalities that is focused on identifying, enhancing and optimal use of their development potential, through the elimination of the causes that prevent their development.