13 Apr 2018 - 11:59
The Council of the European Union is providing up to €45 million in macro-financial assistance to Georgia to help cover the country’s financing needs, support economic stabilisation and its agenda for structural reforms.
This is the third operation for Georgia since the country's military conflict with Russia in August 2008. The EU's first two macro-financial assistance operations, amounting to €46 million each, were pledged at an international donors' conference in October 2008.
Prime Minister of Georgia Giorgi Kvirikashvili thanked the Chairman of the Council of Europe Donald Tusk and the EU Member States for supporting Georgia's development, the country's political course and democratic reforms.
I would like to thank @eucopresident and the #EU member states for supporting #Georgia’s development, the country’s course of action and democratic reforms, as clearly demonstrated by the allocation of 45 million euro.https://t.co/G1QelNKq9J— Giorgi Kvirikashvili (@KvirikashviliGi) April 13, 2018
"Georgia will irrevocably continue its reforms on the path of European integration and such clear support from our Western partners is definitely invaluable in this process" Kvirikashvili said.