24 July 2021,   08:25
more
France to provide 483 million euros in financial assistance to Georgia - Irakli Garibashvili

It is a significant day today, as we are signing an utterly important document, which will channel 483 million Euros to Georgia as an additional financial support, said the Prime Minister of Georgia at a signing ceremony of a Cooperation Agreement concluded by and between Georgia and Agence Française de Développement (AFD) during 2021-2023 today.

“It is a vital assistance for our country. Out of this funding 33 million Euros will be allocated to the Government of Georgia as a grant financing. We have excellent cooperation with the AFD. Since opening its Regional Office in 2017, our cooperation became stronger and extended further. Current portfolio of the AFD is almost 480 million Euros. AFD is all about supporting the most significant projects and programs in the country.

I also wish to note with gratitude that support of the Government of Georgia, especially during the COVID-19 pandemic and now in the post-pandemic phase, has been vital. You may well be aware that we received 190 million Euros last year as a support package for the Government of Georgia in addressing the challenges created as a result of the pandemic both in terms of social security, as well as in developing small and medium sized business support measures.

With the Memorandum of Understanding (MOU) to be signed today, funding in the volume of 483 million Euros will be allocated and cooperation will be launched for the implementation of projects and programs of great significance for our country. These areas are: energy, private sector development, healthcare, environment, agriculture, irrigation, water supply, rural development and other.

I wish to once again note with gratitude the support demonstrated by the Government of France. I thank the French Republic and French people, along with the Ambassador of France to Georgia who was personally engaged in a lot of significant programs and projects implemented in the country. I believe that this day will further deepen our magnificent relations and cooperation”, - said Irakli Garibashvili.

MORE HEADLINES