07.Aug .2020 19:31

Germany is giving financial assistance to Georgia

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Germany is giving Georgia €310 million in aid to help the country fight COVID-19 as well as to implement different regional projects, announces the Ministry of Finance of Georgia.

More specifically, €180 million will be given for anti-COVID-19 measures while the remaining €130 million for regional projects.

“Today, Georgia is one of the largest recipients of German financial support per capita. This proves how important our relationship is", said Georgian Finance Minister Ivane Matchavariani after signing the loan agreement today.

Of the €130 million which is allocated for regional projects, €80 million will be allocated for Kazbegi municipality of Georgia and the remaining €50 million will be spent on the development of Imereti region, said Matchavariani.