EIB plans to allocate EUR 200 million of financial resources for Georgia in fight against coronavirus
Prime Minister of Georgia Giorgi Gakharia discussed the possibilities of EIB's financial support and the increase in the volume of operations in Georgia during a video conference with Lilyana Pavlova, Vice President of the European Investment Bank.
As InterPressNews was informed by the Government of Georgia, the European Investment Bank plans to allocate EUR 200 million of financial resources for fiscal and other needs caused by COVID 19 pandemic and the development of the Georgian Medical Infrastructure. According to Liliana Pavlova, the EIB is closely monitoring the situation in the country in terms of the fight against the pandemic, and the Georgian government's efforts to deal with COVID 19 are impressive.
The Prime Minister of Georgia stressed the importance of international financial support in dealing effectively with the economic problems caused by the spread of COVID-19 and thanked EIB for its active cooperation with both the public and private sectors of Georgia.
Emphasis was placed on EIB's funding for Georgian banks and other business entities,. It was reiterated that as a result of successful cooperation with international donor organizations, about $ 3 billion worth financial resources in the international assistance will be available to Georgia by the end of the year.
The sides underlined the government’s active communication with international partners and donor organizations to jointly develop a package of activities that will be purposefully focused on tackling the current challenges. An intensive work is underway at the level of ministries in parallel with high-level political meetings with international financial institutions.
"It was noted at the meeting that the European Investment Bank is one of the largest partners for Georgia and the parties expressed hope that the EU's financial support through EIB will significantly help the Georgian economy both in the fight against the crisis and in the post-crisis period.
Deputy Prime Minister, Minister of Regional Development and Infrastructure Maia Tskitishvili, Minister of Finance Ivane Machavariani and Adviser to the Prime Minister Beka Liluashvili also participated in the video conference, ”the statement reads.
