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Montenegro SDG Acceleration Fund

Montenegro SDG Acceleration Fund (MAF) is a pooled fund mechanism that aims to accelerate implementation of the 2030 Agenda for Sustainable Development and imminent achievement of Sustainable Development Goals (SDGs) in Montenegro, as well as to support the country’s EU accession process.

The fund provides catalytic support to priority areas in line with the National Strategy for Sustainable Development, Programme of Accession of Montenegro to the European Union and the UN Sustainable Development Cooperation Framework 2023-2027. Additional benefits that the Fund yields are related to achieving synergies of participating UN Organisations and thus support in-country implementation of the UN Reform.

With only seven years left to achieve SDGs, and even less for fulfilling EU accession criteria, Montenegro needs support to be successful. This is the main rationale for establishing the Montenegro SDG Acceleration Fund.

Focus Areas

The strategic focus of the Fund revolves around the UN Sustainable Development Cooperation 2023-2027, targeting support to development initiatives from three strategic priority areas of UN work in Montenegro:

inclusive economic development and environmental sustainability;
human capital development, reducing vulnerability, social inclusion; and
social cohesion, people-centred governance, rule of law and human rights.

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Montenegro SDG Acceleration Fund - Terms of Reference

A common vision of accelerated achievement of Agenda 2030

UN Resident Coordinator Peter Lundberg pointed out that the Fund has been designed as a powerful catalyst for accelerating SDGs implemetation in the country.

"The Montenegro SDG Acceleration Fund is a common vision of accelerated achievement of Agenda 2030. Considering the enormous development potential, the Fund can be an important tool for country’s development and achievement of national priorities, primarely country's accession to the European Union," said Lundberg, adding that the Fund is the result of a true development partnership.

Montenegro SDG Acceleration Fund aims to support acceleration of the EU accession process through the 2030 Agenda framework. UN Montenegro conducted an analysis of synergies and interlinkages between the EU accession process and the 2030 Agenda. The findings show that EU accession process addresses 2/3rds of the 2030 Agenda (105 out of 169 SDG targets).

Montenegro SDG Acceleration Fund will seek to propel synergetic moments between these two transformational agendas so the public administration, as the primary duty bearer, yields on efficiency gains when tackling these two processes in synergy.

Beyond the policy cohesion element and the support towards Cooperation Framework implementation, the Fund will produce benefits of triggering more joint UN action as one of the major calls of the UN Reform.