Montenegro and Germany have signed a euro27 million (USD38 million) development cooperation protocol.
The money will be used primarily for energy and wastewater disposal projects in Montenegro, according to the country’s deputy prime minister, Igor Luksic. It will also support projects concerning small and medium-sized enterprises, climate change and energy efficiency, Luksic said.
Otmar Greiff, of the German Federal Ministry for Economic Cooperation and Development, said the protocol is part of the two countries’ development and political cooperation, “which has a much larger scale.”
“Everything we do together is aimed at improving the economic circumstances and the lives of the people in Montenegro,” Greiff said.