European Investment Bank to loan €100 million to upgrade key healthcare infrastructure in Georgia
Since the beginning of its operations in Georgia in 2007, the EIB has invested about €2 billion in 23 projects in infrastructure, private sector and climate action. Photo: EIB.
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The European Investment Bank (EIB) will loan €100 million in order to upgrade and modernise key healthcare infrastructure in Georgia, provide professional training to new medical staff, and finance the procurement of essential medical equipment for the country’s healthcare system during the Covid-19 pandemic.
The EIB loan will enable the Government of Georgia to modernise seven major hospitals across the country, including: the Central Republican Hospital, the Children’s Infectious Disease Hospital, Lisi Hospital, Rukhi Hospital, Batumi Republican Hospital, Tbilisi University Clinic and the Tbilisi Centre for AIDS and Infectious Diseases.
The Georgian medical system & workers deserve our full support!
— Carl Hartzell (@CarlHartzellEU) December 22, 2020
Proud to announce €100 million loan from @EIB to upgrade key hospitals & clinics, purchase new medical equipment and provide on-the-job training for medical workers.
➡https://t.co/bcXWYleM4a#TogethervsCOVID19 pic.twitter.com/dHJvpKUhJ2
Among the seven hospitals are those currently commissioned as Covid hospitals.
The EIB loan will also cover the procurement of modern medical equipment, vaccines, and establishing an effective supply chain to provide comprehensive diagnostic and treatment services for Covid-19 patients.
“Our investment is aimed to help upgrade key hospitals and clinical centres in the country, as well as cover acquisition of medical equipment and on-the-job training of new medical workers. Thus, Georgia will be able to improve the quality of its healthcare system, protect its citizens and medical staff, and have modern resources to tackle the pandemic”, said Teresa Czerwinska, the Vice President of the EIB responsible for Georgia.
Today I am proud to announce another step in our support to Georgia through a favourable loan amounting to €100 million (about 400 million GEL), from the EIB. This loan is intended to help meet the needs of the healthcare system – to assist the men and women that deserve all our support and respect, to be able to carry out their important job. It comes in addition to the GEL 1.5 billion the EU and Team Europe have already mobilised in support of Georgia so far this year”, said Carl Hartzell, the EU Ambassador to Georgia.
Since the beginning of its operations in Georgia in 2007, the EIB has invested about €2 billion in 23 projects in infrastructure, private sector and climate action.
The European Investment Bank (EIB) will invest €25 million to expand the credit line for Georgian small and medium-sized enterprises (SMEs) and mid-caps available at the Bank of Georgia to support the recovery of the business sector and the country’s economy from damage wrought by the pandemic.
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 European Investment Bank Group and the Bank of Georgia have signed an agreement to supply a €60 million credit line for loans to small and medium-sized enterprises.
The European Investment Bank (EIB) will allocate €200 million for development of healthcare infrastructure in Georgia, as well as supporting its fiscal and other needs amid the coronavirus pandemic. Georgian Prime Minister Giorgi Gakharia and Vice-President of the EIB Lilyana Pavlova, held a discussion during a video conference earlier today.
The European Investment Bank President Werner Hoyer and the European Council President Charles Michel have opened the new premises of the EU Delegation and EIB Regional office in Georgia. In addition, Hoyer signed a new loan extending Covid-19 response measures to the existing credit line at Liberty Bank for a total of €17.5 million.
The European Investment Bank has allocated €50 million to the government of Georgia for the procurement of vaccines against Covid-19 through the COVAX facility, as well as other medical equipment essential for the treatment of Covid-19 patients, announces the EU Delegation to Georgia.
The European Union will allocate funds for Georgia, Ukraine, Moldova and the Republic of Mali to strengthen their military and defence capabilities. Georgia will receive 12.75 million euros over a period of 36 months to strengthen the capacities of its defence forces, including their ability to provide services to civilians in crises or emergency situations.
The European Investment Bank (EIB) will invest €34 million to provide internet connections for approximately 500,000 people living in Georgia's rural areas.