Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

Skip to Main Navigation
PRESS RELEASE January 30, 2018

Montenegro to Improve the Competitiveness of Agriculture and Fisheries with World Bank Support

WASHINGTON, January 30, 2018 — The World Bank approved today a EUR30.00 million loan (US$34.89 million equivalent) for the Second Montenegro Institutional Development and Agriculture Strengthening Project (MIDAS 2). The objective of the Project is to improve the competitiveness of agriculture and fisheries through enhanced delivery of government support in alignment with EU accession requirements.

Through a grant program the project will increase economic activities in rural areas, generate jobs and leverage private investments through beneficiaries’ contributions. This project will also provide much needed support to the fisheries sector. At the same time, the project will help the Montenegrin producers to participate in the EU market and benefit from access to a larger demand for their products.

“This Project will help create jobs and enable agriculture producers to improve their livelihoods through the provision of public goods and the support to private investments”, said Emanuel Salinas, World Bank Country Manager for Montenegro.

The original MIDAS project, which began in 2009, has achieved significant results. The most successful element of MIDAS has been the provision of grants modelled after the EU’s pre-accession financial support scheme called IPARD to agricultural producers through Montenegro’s public institutions. Around 660 farmers received IPARD-like grants to enhance their agricultural production. MIDAS has also helped with strengthening institutions providing support and services in the areas of food safety, animal health, and rural development.

Both MIDAS Projects are an example of excellent collaboration between the Ministry of Agriculture and Rural Development of Montenegro, European Union and the World Bank.

The World Bank portfolio of active projects in Montenegro includes six projects, totaling approximately US$170 million.  Areas of support include governance, environment, agriculture, education, and energy efficiency.

--------------------------------------------  

For more information about the Project, please visit:

https://projects.worldbank.org/P164424?lang=en

 

Facebook: https://www.facebook.com/WorldBankEuropeCentralAsia

Twitter: https://twitter.com/WorldBankECA

Blogs: https://blogs.worldbank.org/europeandcentralasia


PRESS RELEASE NO: 2018/ECA/66

Contacts

Sarajevo
Jasmina Hadžić
+387 33 251 502
jhadzic@worldbank.org
Washington
Kym Smithies
+1 202 458 0152
ksmithies@worldbank.org
Api
Api