“1.5 billion USD has been raised for the Georgian private sector from IFIs, which will be directed to the financial sector," Georgian Finance Minister Ivane Machavariani told Forbes Week. According to him, in total, the private and public sectors of Georgia have received up to $ 3 billion in funding from donors.
Speaking about the new foreign debt taken by the government, Machavariani said that $ 1.2 billion worth of contracts had already been signed out of the $ 1.6 billion package. To note, the Georgian government is taking the funds to fight the effects of the pandemic. The minister said the remaining $ 400 million in loan agreements would be ratified by a further convening parliament.
"At the moment, more than $ 1.2 billion has already been signed and negotiations are already finished about $ 400 million and ratifications will begin. The new parliament may have to ratify them at the very first session. Therefore, it is around $ 1.6 billion,” Ivane Machavariani said.
According to the Minister, this amount is a guarantee that none of the important projects and programs planned by the budget in 2020 and 2021 will be delayed.
See all the news
All
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Putin imposes visa restrictions on citizens from 'unfriendly' countries
BMG-ს მედია რუბრიკა: #პროფესიონალი - გიორგი მიქაია
Business Leaders Council by USAID and Georgian Business
ბინების ქირის ფასი 50%-მდე გაიზარდა
DriveWealth-G&T Cooperation
"Today we are all Ukrainians"- Zurab Pololikashvili
Tourism is the main bridge for building understanding - ZURAB POLOLIKASHVILI
FAQ’s and Analysis on Lari & FDI - Interview with Fady Asly
მინერალური და მტკნარი წყლის ფასები ქართულ ბაზარზე
China continues to push competitors out of the global walnut market
Moscow to Host First Meeting of Turkish & Armenian Special Envoys on Jan 14
Scientists Discover New Part of the Human Body
Turkey's Exports Soar by 33.7% to $21.5B in November
რა ხდება საკაბელო პროდუქციის ბაზარზე?
საქმის კურსი - 16.12.2021 - ღამის კოლაჟი
საქმის კურსი - 16.12.2021_17:40 / გადაცემა სრულად
#COVID19-ის ახალი შტამი: #ომიკრონი - რა სიმპტომები აქვს “ომიკრონს”?
#ForbesTalks: Interview with Oleg Ossinovski / ინტერვიუ ოლეგ ოსინოვსკისთან