The World Bank Groups’ board of executive directors approved the loan of €3m (US$ 3,343,800) for the Montenegro Institutional Development and Agriculture Strengthening Project (MIDAS).
It would allow expansion of institutional capacity building to date to manage public funds for agricultural support.
The original project strengthened the food safety system, including developing the regulatory framework, building a Border Inspection Post (BIP) and upgrading national reference labs.
Around 660 farmers, 60% of whom live in the poorer north, received grants to enhance agricultural production.
MIDAS is a collaboration between the Ministry of Agriculture and Rural Development of Montenegro, European Union and the World Bank.
The World Bank portfolio of projects in Montenegro includes four operations totaling US$120m.
Tatiana Proskuryakova, World Bank country manager for Montenegro, said: “Projects like MIDAS help create jobs and enable agriculture producers to improve their livelihoods.”