The Abu Dhabi Fund for Development has offered an AED 183.6 million ($49.9 million) concessionary loan to the Government of Montenegro to support its agricultural development sector. Aimed at accelerating economic development in Montenegro through supporting food security, the agreement seeks to enhance the competitiveness of Montenegro's products to international levels. Mohammed Saif Al Suwaidi said, ‘As a catalyst for inclusive development and food security, the UAE, through the Abu Dhabi Fund for Development, pursues an active policy in supporting agricultural investment across the developing world. To achieve this goal, ADFD is committed to ensuring necessary funding for development projects, especially in strategically important sectors that can significantly benefit the economies of developing countries.’