14.Dec .2020 12:00

EU to Allocate EUR 60 million Grant for COVID-19 Assistance to Georgia

EU to Allocate EUR 60 million Grant for COVID-19 Assistance to Georgia
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The European Union (EU) disbursed a €60 million (approx. GEL 240 million) grant to assist Georgia in managing the COVID-19 outbreak, Delegation of the European Union to Georgia announced on Monday.

The funds are allocated to assisting in the implementation of the Georgian Government’s Anti-Crisis Economic Plan.

EU Ambassador to Georgia, Carl Hartzell said the EU continues to stand firmly by Georgia during the pandemic.

“This 240 million grant GEL payment is a key part of the GEL 1.5 billion assistance package that the EU and Team Europe mobilized last spring. They are aimed at helping the Government respond to the pandemic and support Georgian citizens to cope with the serious challenges so many are facing these days,” Hartzell noted.

This payment follows the EU’s transfer of EUR 100 million (approximately GEL 400 million) in loans for macro-financial assistance on 25 November.

EU Delegation added that both payments are part of a wider GEL 1.5 billion EU support package for Georgia, which also covers support to health, social sector, and economic recovery.