USAID helps Georgia prepare for strong economic recovery
As part of the U.S. Government's rapid response to COVID-19, USAID/Georgia is helping the Government of Georgia prepare for a strong economic recovery. Photo: US Embassy in Georgia.
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The United States Agency for International Development (USAID) is helping the government of Georgia develop a post-coronavirus recovery plan that focuses on increased employment opportunities, announces the United States Embassy in Georgia.
- Gov't announces 3.5 bln GEL anti-crisis plan
- What is the Georgian government doing for business, agriculture amid the coronavirus crisis?
The US Embassy in Georgia posted this news on its official Facebook page:
Meanwhile, USAID said that the rapid response to the COVID-19 pandemic means supporting families in need.
This month, the Women’s Leadership School supported by USAID and the International Republican Institute (IRI) launched a charity drive to support single mothers in need of financial support during the pandemic.
So far, the Women's Leadership School has collected 4,500 GEL (about $1,399/€1,287) in donations and helped 43 single mothers during the pandemic.
What support can business expect?
The government of Georgia has presented an anti-crisis plan for Georgian businesses in order to ease the burden caused by the coronavirus crisis. The government responded to the demand of the hotels, restaurants, tourist agencies and tour operators in Georgia and decided to postpone payment of property and income tax by four months.
The Georgian government has presented a plan to gradually open the economy step-by-step over the next three months. Georgian Prime Minister Giorgi Gakharia said that restrictions on economic activity will begin being lifted starting April 27 and if the coronavirus situation does not worsen in the country in three months Georgian the economy will be fully reopened.
Georgian Prime Minister Giorgi Gakharia announced earlier today how the government intends to help businesses and agriculture during the COVID-19 crisis.
Georgia will spend 3.5 billion (about $1.10b/€1.02b) on its coronavirus anti-crisis plan, Georgian Prime Minister Giorgi Gakharia announced earlier today. "For now, the country will spend GEL 3.5 billion on managing the crisis, of which 1.035 billion GEL will be directed at social support of citizens, 2.11 billion GEL will be directed at the economy and entrepreneurs, while 350 million GEL will be spent on the health care of each citizen", Gakharia said.
The World Bank will provide $80 million to Georgia under the Fast Track COVID-19 Facility to mitigate the health and social impacts of the COVID-19 pandemic, announces the World Bank.