February 8, 2012

Ministry of Agriculture signed 284 Grant Agreements until now

According to plan, Ministry of Agriculture and Rural Development has continued with signing of Grant Agreements. Until February 8, 2012, there are signed 284 Agreements.
The total amount of planned investments, based on these 284 Grant Agreements is  6.598.841,75 €, which means that if all investments are implemented in accordance with the prescribed procedure, to the producers who signed Agreements will be refunded  3.299.420,88 €.
In the following weeks signing of Grant Agreements will be continued.

Pdf document in the appendix.

January 13, 2012

MIDAS grant funds paid for 69 investments, until December 31, 2011

According to previous plan, successfully completed investments under MIDAS project, until December 31, 2011, are 69 in total. In addition to earlier completed 26 investments, 43 investments are successfully completed now.
The amount of completed investment of these 43 producers is € 508.619,32,  while the awarded grant support is in the amount of € 254.309,72. The total amount of completed investments so far is € 847.009,09, namely € 423.504,64 € as total grant support amount.

Further payments for successfully implemented investments are expected next weeks.

December 29, 2011

Signing of Grant Agreements continued

Ministry of Agriculture and Rural Development has continued with signing of Grant Agreements. Until December 29, 2011, there are 267 signed Agreements.
The total amount of planned investments, based on these 267 Grant Agreements is  6.126.458,79 €, which means that if all investments are implemented in accordance with the prescribed procedure, to the producers who signed Agreements will be refunded  3.063.229,40 €.
Signing of Grant Agreements will be continued at the beginning of next year.

Pdf document in the appendix.

December 22, 2011

More grant funds paid to farmers

Allocation of grant support to farmers who participated in the MIDAS program is continued, as previously planned. Funds on the bank accounts received another six agriculture producers who have successfully completed the investment, in addition to the first 20 who received the funds in the mid-December 2011.
The amount of completed investment of these six producers is € 136,655.60, while the awarded grant support is in the amount of € 68,327.81. The total amount of completed investments so far is € 338.389,77, namely € 169.194,92 as total grant support amount.

Further payments for successfully implemented investments are expected next weeks.

List of paid grant support, until December 20, 2011 (PDF doc)

December 19, 2011

Began grant payments under the MIDAS program

Under the grant support program (MIDAS grant program), realized by the Ministry of Agriculture and Rural Development together with the World Bank and within the MIDAS project, after successful completion of previously approved investments, grant supports for 20 farmers who have successfully completed the investment so far are paid. All this was preceded by the process of control by the Ministry’s authorities and services, both documentation review and on-spot control were performed before and after the completion of the investment. When it is determined that all items are made ​​in accordance with the MIDAS Grant Operational Manual, it is started with the process of payments realization. The total amount of implemented investments for these 20 producers is € 201,734.17, while the awarded grant support is in the total amount of € 100,867.11.

Further payments for successfully implemented investments are expected next weeks.

List of paid grant support, until December 15, 2011 (PDF doc).

December 1, 2011

Until December 1, 2011 there are 246 signed Grant Agreements.
The total amount of planned investments, based on these 246 Grant Agreements is  5,274,045.67 €, which means that if all investments are implemented in accordance with the prescribed procedure, to the producers who signed Agreements will be refunded  2,637,022.84 €. The activities of the Ministry of Agriculture and Rural Development are continued by signing these Grant Agreements, whereby within MIDAS project, Montenegrin agricultural producers, defined by this year's Agro-budget, are going to be strengthened.

Pdf document in the appendix.

New signing of Grants Agreements

Ministry of Agriculture and Rural Development in April 2011 has announced a Public Call for MIDAS Grants in order to allocate funds for investments in
agricultural holdings, which is carried out under the Montenegro Institutional Development and Agriculture Strengthening Project - MIDAS, funded by World Bank loans.

Call for applications submission was held from 15 April to 13 July 2011, and 780 applicants have taken part in this call.

On 14 October 2011, the total number of signed Grant Agreements is 180. The total amount of planned investments, based on these 180 signed Grant
Agreements is 3.322.035,55 €, which means if all the investments are implemented in accordance with set up procedure, to the signatories will be
reimbursed 1,661,017.78 €.

Ministry of Agriculture and Rural Development by signing of these Agreements continues the activities in order to strengthen Montenegro's
agricultural producers, defined in Agro-budget for this year.

After signing the Grant Agreements, beneficiaries start with the implementation of approved investments, in accordance with the previously
set up procedure. Upon completion of investments, beneficiaries are entitled to the grants of 50% of the total project, if in the meantime all
the agreed procedure realized, and all in accordance with the Grants Operational Manual - MIDAS project.

The following signing of the Grant Agreements for MIDAS project will be continued in forthcoming period.

Background

The Government of Montenegro and the MAFWM, as the implementing entities, entered into the loan arrangement with the World Bank, under the title “Montenegro Institutional Development and Agriculture Strengthening” (MIDAS Project), which is aimed at preparing Montenegrin agriculture and its institutions for the future membership of the EU. Total value of the Project is 17.1 million €. The Project will be implemented over the period from 2009 – 2014.

World Bank and Montenegro Agree on Project for Agriculture

Podgorica, January 23, 2009

The World Bank will provide a €11 million loan and US$4 million grant

The World Bank and the Government of Montenegro successfully completed negotiations on the Montenegro Institutional Development and Agricultural Strengthening (MIDAS) project, which will support agricultural and rural development, while promoting environmental sustainability in line with European Union (EU) standards. About one-third of Montenegro’s population—and the majority of the poor—live in rural areas. As such, the project therefore furthers Montenegro’s EU integration objectives, while contributing to the country’s economic diversification and strengthening the sustainable development potential in one of the economy’s key sectors—key policy objectives in the current economic environment. The project will be financed with an €11 million IBRD loan and a US$4 million grant from the Global Environment Facility (GEF). It is expected to be approved by the World Bank’s Board of Directors on March 10, 2009. More...