NEWS

European Parliament approves €45 million in financial aid to Georgia

The European Parliament backed the resolution recommending for Georgia, Ukraine and Moldova to be allowed to join the customs or energy union. Photo source: European Parliament/Facebook

Agenda.ge, 15 Mar 2018 - 12:51, Tbilisi,Georgia

The European Parliament has endorsed a European Commission's proposal to provide further macro-financial assistance worth of €45 million to help Georgia cover part of its external financing needs for the period of 2017-2020.

Head of the Georgia-EU Association Committee Sajad Karim wrote on his Twitter that the €45 million financial assistance comprises of both medium-term loans (€35 million) and grants (€10 million).

Press release on today's @Europarl_EN vote on providing further macro-financial assistance to #Georgia pic.twitter.com/mFbhVSZj0Q
— Sajjad Karim MEP (@SHKMEP) March 14, 2018

The European Parliament approved the €45 million in macro-financial assistance with 570 votes in favour and 108 against.

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