Investment and Development Fund of Montenegro (IDF MN) was established by the Law on Investment and Development Fund of Montenegro JSC (“Official Gazette of Montenegro” No. 88, dated December 31 2009).

The Institution was established with the purpose of encouraging and facilitating economic development of Montenegro. By establishing the Investment and development Fund, the Government of Montenegro has provided for an efficient mechanism of supporting economic development, especially in the light of the current economic and financial crisis. The Fund core businesses is established through granting loans and extending guarantees, performing activities pertaining to the sale of capital in Fund’s portfolio and other activities aimed at supporting economic development.

Investment and Development Fund faces an ambitious task of attaining goals through implementing mechanisms defined in Article 2 of the Law on Investment and Development Fund of Montenegro:

»The Fund is established with the purpose of supporting and facilitating economic development of Montenegro through: completing privatization process by sale of capital generated in the process of ownership transformation, supporting micro, small and middle companies and entrepreneurs, supporting infrastructure project, water supply projects, waste waters treatment and environmental protection, as well as financing project of local, regional and state-level importance.«

The task of attaining goals is even more complex in the light of the current economic and financial crisis.

During the first year of operations, Investment and development Fund faces a number of tasks requiring voluminous resources. Establishing an efficient and economic organization with competent human resources corresponding to challenges of the institution, defining programmes and support programme beneficiaries, software and personnel refreshing of the institution, establishing cooperation with adequate commercial enterprises and institutions of both local and international character etc.