The Instrument for Pre-accession Assistance (IPA II) is a successor of IPA as a unique pre-accession fund of the European Union established according to the European Union Council Regulation no. 231/2014 from 11 March, 2014.

By this instrument EU continues to provide a legal framework for providing financial assistance to the candidate and potential candidate countries in their efforts to encourage political, economic and institutional reforms with the final goal of full membership in the European Union.

Cross-border Cooperation Programme Serbia and Montenegro, 2014-2020 is implemented under the framework of the Instrument of Pre-accession Assistance (IPA II) and is the result of joint planning efforts made by the governments and other stakeholders of the two countries. IPA II supports cross-border cooperation with a view to promoting good neighborly relations, fostering European Union integration and promoting socio-economic development.

The Programme analyses the socio-economic situation of the border region, sets out a common strategy for remedying problems identified and formulates joint thematic priorities for development. The present programme is based on a thorough review of the challenges and specifics of the programming area.
The overall Union co-financing to the Cross-border Cooperation programme for the period 2014-2020 is 8,400,000 EUR while Beneficiaries co-financing is expected to be 1,334,117 EUR.