24 July 2021,   08:02
France renews its support to development projects in Georgia through a new Cooperation Program

Finance Minister Mr. Lasha Khutsishvili and AFD Regional Director for Eurasia Ms. Cécile Couprie signed a Partnership Agreement on Cooperation Program for 2021-2023 in presence of the Prime Minister Mr. Irakli Garibashvili and Ambassador of France to Georgia Diégo Colas.

Through this new Partnership Agreement, Agence Française de Développement (AFD) plans to mobilize about 483 million euros in the form of loans, technical assistance and grants by 2024.

The planned investment is oriented towards four main sectors, in congruence with the Government of Georgia priorities as well as the Team Europe Initiatives:

Water resources management, irrigation, agriculture;
Urban development and connectivity;
Energy; Social welfare and health.

“This agreement is a strong signal of the AFD Group’s commitment in Georgia, in line with the Georgian government priorities. It witnesses our willingness to build a trustful and long-term partnership in support to fair and resilient transitions in the country”, - said Cécile Couprie, AFD Regional Director for Eurasia.

“During the covid crisis, international donors, including the French AFD and team Europe, pledged support to Georgia, delivered significant and quick support in the energy and health sectors in 2020. The time now is to build back, to consolidate and intensify the course of reform, to invest for fair, dynamic, sustainable development in Georgia. With the signature today of a 3 year partnership between France and the AFD on the one hand, and the Georgian government and Ministry of Finance on the other hand, to the tune of 150 M euros per year, France as part of Team Europe is confirming our intention to be strong partner for Georgia. We are working so that Europe and Georgia become closer, so that strong resilient democratic institutions consolidate in Georgia, as well as a dynamic business environment and modern, values based partnerships in all fields”, - said Diego Colas.

“I highly appreciate the support demonstrated by the Government of France towards political and economic agenda of Georgia. A new, 3-year-long Cooperation Program agreed with the French Development Agency once again evidences a solid cooperation existing between our nations. It is important that within the scope of this Agreement, Georgia will receive around 483 million Euros in 2021 - 2023. This funding will be aimed at supporting the reform agenda and finance the related investments in Georgia. Once again, I wish to express my gratitude to the Government and people of France for this truly outstanding cooperation”, - added Lasha Khutsishvili.