The European Training Foundation (ETF) ex-post policy analysis that was conducted in Montenegro between June and December 2014 is an analysis of a set of policy measures taken to address a specific policy challenge. The key challenges for Montenegro relate to the VET system’s ability to develop a capacity to support the employability of its citizens by building and recognising skills and qualifications that are relevant for the current economy and opening up opportunities for learning and career development for the future. In that context, the key issues relevant for this ex-post policy analysis are as follows: How far has the VET system been able to adapt and to make creativity, innovation and entrepreneurship an integral part of its structure? To what extent is the system inclusive and supportive of different at-risk groups, including low-skilled people? And to what extent does it offer training opportunities that meet the learning and practical needs of adults.