From left: Lance Clark, Mirko Cvetkovic and Milan Markovic
The memorandum was signed by Minister of Finance Mirko Cvetkovic, Minister of Public Administration and Local Self-Government Milan Markovic and UN Resident Coordinator Lance Clark of the UNDP.
Markovic told the press that the funds will be streamed to seven municipalities, namely Novi Pazar, Sjenica, Tutin, Nova Varos, Prijepolje, Priboj and Raska.
This second phase of the project will increase employment rate, strengthen local authorities and improve public communal network.
Cvetkovic noted that of the total sum, €4.9 million was donated by the European Agency for Reconstruction (EAR), UNDP and Swiss Office for Cooperation, whereas municipalities will provide the rest of nearly €265,000.