2nd Project launched in Montenegro to Improve competitiveness of Agriculture and Fisheries

The Second Montenegro Institutional Development and Agriculture Strengthening Project (MIDAS 2) was launched to improve the competitiveness of agriculture and fisheries in Montenegro by enhancing the delivery of government support, in alignment with accession requirements for the European Union (EU).

The €30 million project is financed by an IBRD loan and implemented by the Ministry of Agriculture and Rural Development. The project will bridge some of these investment requirements while simultaneously supporting the development of the agriculture sector.

According to the World Bank Operations Advisor for the Western Balkans, Lada Strelkova, “This project will generate jobs, increase economic activities in rural areas, leverage private investments through beneficiary contributions. This project will also provide much needed support to the fisheries sector. At the same time, the Project will help the Montenegrin people participate in the EU market and benefit from access to a larger demand for their products.”

Improving competitiveness in the agriculture and fisheries sectors to better align them with EU accession requirements imposes costs on individual firms and on the country, in general – requiring both significant investment in public goods and the creation of an enabling environment.

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