Montenegro, Germany Strengthen Ties with New Development Pact

The Old Town in Budva, Montenegro. Montenegro and Germany have signed a development cooperation protocol worth euro27 million. Photo by: anjci / CC BY anjciCC BY

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.

About the author

  • Ivy mungcal 400x400

    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.