Climate Resilient Fisheries and Agrifood Sector Development Project (WB-P507698)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Montenegro
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 17, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Montenegro
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 38.76 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 38.76 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 38.76 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 1, 2026

Disclosed by Bank Feb 12, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the World Bank, the CRFASD has two technical components and a project management component. The two technical components are designed to help the government of Montenegro meet EU accession requirements concerning Chapter 13 (Component 1) and Chapters 11 and 12 (Component 2).

  • Component 1: Fisheries Development and Institutional Readiness for EU Accession under Chapter 13 (EUR 15.25M). The objective of this component is to enhance climate resilience and boost productive capacity of the fisheries sector by investing in climate resilient fisheries infrastructure development, and administrative and service delivery capacity development of the DfF for improved and climate resilient service delivery. The component has two sub-components.
    • Sub-component 1.1: Climate Resilient Fisheries infrastructure development (EUR 14.72 million). The objective of this sub-component is to support the establishment of a climate resilient FP, and to build the capacity of fishers using the FP to enhance value addition and improve market access. The sub-component will finance the following interventions: (a) Construction of a climate-resilient FP at Cape Djeran-Velika Plaza (Ulcinj Municipality). (b) Enhancing fishers' capacity for value addition and market access.
    • Sub-component 1.2: Strengthening DfF's capacity for EU compliance with applicable EU regulations (EUR 0.53 million). The objective of this sub-component is to build the capacity of the DfF for enhanced and improved service delivery compliant with EU requirements. The support provided by sub-component will improve the DfF's capacity, including administration, inspection, and control capacities. The sub-component will finance two distinct interventions: (a) Strengthening fisheries management for Common Fisheries Policy (CFP) compliance. (b) Strategic support to improve the functioning of Directorate of Fisheries (DfF).
  • Component 2: Institutional Readiness for Fulfilling EU Accession Requirements of Chapters 11 and 12 (EUR 16.7 million). The objective of this component is to support the government of Montenegro in fulfilling institutional readiness towards EU accession requirements in the implementation of the Agriculture and Rural Development and Food Safety Program. The component has two sub-components:
    • Sub-component 2.1: Supporting the establishment of a fully functional Paying Agency (EUR 7.7 million). The objective of this sub-component is to fulfill the institutional readiness of the PA in line with EU directives for the management and control of payments to farmers, the functionality of which constitute closing benchmarks of Chapter 11.
    • Sub-component 2.2: Supporting the establishment of a system of management and safe disposal of Animal By-products (EUR 9.00 million). The objective of this sub-component is to support the government of Montenegro in establishing an official, comprehensive system for the sustainable management and safe disposal and/or processing of ABPs in line with EU directives, national legislation, and the Strategy on ABP.
  • Component 3: Project Management (EUR 1.05 million). This component aims to support project management and coordination, ensuring effective implementation and proper use of resources. It will enhance the capacity of the existing Project Management Team (PMT) by recruiting additional technical experts as required. The component will finance project management activities, including coordination, staffing, consultancy services, operating costs, Environmental and Social Framework (ESF) and fiduciary compliance, monitoring and evaluation (M&E), audits, accountability mechanisms, and grievance redress systems. It will also support training and learning activities to strengthen the technical skills and expertise of project staff for implementing the proposed climate change measures and gender equality interventions, including collection of gender disaggregated data in the M&E system.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank Team Leaders:

Teklu Tesfaye Toli - Senior Agriculture Economist
Email: ttesfaye1@worldbank.org 

Fang Zhang - Agriculture Economist
Email: fzhang2@worldbank.org 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works