On 25 November 2011 in Tirana, Albania the five Drin River Riparians signed a Memorandum of Understanding on a Shared Strategic Vision for the Sustainable Management of the Drin River Basin for the benefit of about 1.5 million people relying on the water resources of the basin for drinking water, agriculture, fisheries, industry and hydropower. Recent floods, in particular, have highlighted the need for such closer transboundary cooperation. Ministers and Deputy Ministers responsible for water issues from Albania, Greece, the former Yugoslav Republic of Macedonia, Kosovo (UNSC 1244) and Montenegro signed the Memorandum, which represents a significant step forward in the development of transboundary cooperation in the Drin Basin.