EU disburses €60 million grant for Covid-19 assistance to Georgia

  • This payment follows the EU’s transfer of €100 million in loans for macro-financial assistance on November 25. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 14 Dec 2020 - 12:45, Tbilisi,Georgia

The EU has disbursed a €60 million grant as part of the EU’s €75 million Covid-19 Resilience Contract for Georgia to assist in the implementation of the government’s Anti-Crisis Economic Plan, announces the EU Delegation to Georgia.

The plan is composed of measures aimed at reducing the negative effects of losses of income and preserving jobs, supporting businesses, and strengthening the healthcare system. The overall aim of EU financial support is to help citizens and businesses of Georgia recover from the impact of the pandemic.

This payment follows the EU’s transfer of €100 million in loans for macro-financial assistance on November 25.  Both payments are part of the wider 1.5 billion GEL EU support package for Georgia, which also covers support to the health and social sector and economic recovery.

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