28.May .2020 18:36

Georgia to receive 90 MLN EUR in financial assistance from the German government

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Georgia has signed an agreement with another donor on receiving financial assistance. Today, a loan agreement worth 90 million EUR was signed with the German Bank for Reconstruction and Development (KfW).

This funding is amid to support the effects casued by the COVID-19 pandemic.

According to the government administration, the agreement signed with KFW is part of the financial support that the Georgian government has received from partner international donor organizations to fight COVID-19 and further rehabilitate the country's economy.