A website has been created to help Georgian citizens apply to have their bank debts cancelled.
Vali.ge will enable some 600,000 blacklisted Georgian citizens in the process.
At first, customers with the three leading banks in Georgia – TBC Bank, Bank of Georgia and Liberty Bank – will be able to apply, while other financial institutions will be added gradually as well.
The website will become active today at 6 p.m., and some citizens will be able to register”, Georgian Prime Minister Mamuka Bakhtadze says.
Today and tomorrow, all the databases of TBC Bank, Bank of Georgia and the Liberty Bank will be uploaded and every other day new bases will be added to the website. The process of signing agreements with financial institutions continues but I assure [you] that those citizens who are on a ‘blacklist’ will meet the New Year without loans”, said Bakhtadze.
The process of debt cancellation will take place between December 15 to December 31.
The Cartu Foundation – a charity fund established and financed by Georgian tycoon and former Prime Minister Bidzina Ivanishvili – is implementing the initiative.
Bakhtadze said that the primary goal of the government is to overcome the challenge of poverty in the country. By removing people from the blacklist, Bakhtadze hopes that many will be able to contribute to the development of the country’s economy.