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Georgia to Receive 190 million Euros from the French Development Agency for Eliminating Consequences of COVID-19

  • Georgia to Receive 190 million Euros from the French Development Agency for Eliminating Consequences of COVID-19

Kyiv: The French Development Agency (FNI) and the Georgian Ministry of Finance signed two loan agreements totaling € 190 million, says Gael Assayag, director of the organization for the South Caucasus.

The funds will be used to support the health care system of Georgia, as well as to reform the electricity sector.

“In addition to the funds allocated so that the government can quickly launch its crisis response plan, these programs will allow for major reforms to improve the efficiency of the social protection, health and energy sectors in the long term, for the benefit of the whole Georgian population and especially vulnerable people ", she said.

The French agency also emphasized that the first tranche of € 70 million will be aimed at supporting the Georgian healthcare system and social protection, while paying attention to the measures Georgia is taking to combat COVID19.

The second loan agreement provides for the provision of funds to Georgia, with a total amount of 170 million euros. They intend to direct them to "deepening reforms in the electricity sector, given the special attention to caring for vulnerable consumers."

According to the Georgian government, the number of confirmed cases of Coronavirus infection in Georgia increased to 723 people, of which 12 people died


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