# Central Bank of Montenegro institutional initiatives > Developing situation record from CLSTR: https://clstr.news/situations/central-bank-of-montenegro-institutional-initiatives > Updated: 2026-10-28T18:31:18.000Z. Sources: 2. Developments: 2. The Central Bank of Montenegro (CBCG) has undertaken several initiatives focused on economic empowerment and professional development. In October 2026, the CBCG received an international award in Paris at the WE Finance Code Global Forum for its work in the economic empowerment of women. This recognition follows the bank’s development of a model to improve data availability regarding the financing of women-owned enterprises. The initiative, supported by the EBRD and a coalition of 28 national institutions, aims to track access to finance and create targeted financial policies. Additionally, the CBCG has implemented the ‘PriZnanje za znanje – šansa za najbolje’ scholarship program. The third generation of recipients, consisting of ten high-achieving undergraduate and master’s students in fields such as economics, law, and computer science, received contracts for the 2026/2027 academic year. Governor Irena Radović stated the program is an investment in professional capacity to support Montenegro’s European integration. ## Timeline ### 2026-10-28: Central Bank of Montenegro awards scholarships to top students The Central Bank of Montenegro has awarded scholarships to ten top students in economics, law, and IT to support professional development and national capacity building. 2 sources. https://clstr.news/cluster/central-bank-of-montenegro-awards-scholarships-to-top-students ### 2026-10-02: Central Bank of Montenegro receives international award in Paris The Central Bank of Montenegro received an international award in Paris for its work in empowering women through improved data and financing access for female entrepreneurs. 3 sources. https://clstr.news/cluster/central-bank-of-montenegro-receives-international-award-in-paris --- Cite as: Central Bank of Montenegro institutional initiatives. CLSTR, https://clstr.news/situations/central-bank-of-montenegro-institutional-initiatives