Georgia to receive $330 mln in grants from US over course of five years

Georgia and the US have signed a grant agreement earlier today through which Georgia will receive 330 million dollars via USAID over the course of five years to promote the country’s sustainable development, create jobs, strengthen accountable governance and Georgia’s democratic achievements. 

Georgian Prime Minister Irakli Garibashvili has stated that at the initial stage Georgia will receive $67 million. 

• Georgia has received 4.3 bln in financial aid from US in past 28 years

Garibashvili said that the ‘crucial agreement with [our] strategic partner’ covers different fields and issues, including conflict resolution, agricultural and private sector development, the rule of law, human rights, democratic governance, civil society, basic education, social services and the environment. 

All this, of course, serves the economic growth and sustainable development of our country, as well as the strengthening of the free market and, in general, Georgia’s European course,” Garibashvili said. 

Garibashvili stated that USAID’s support to Georgia has already amounted to $1.8 billion. 

About 335 programmes have already been implemented in the fields of agriculture, energy, infrastructure, environment, education and health. The US support will ensure the creation of jobs and assist the country’s pandemic-affected economy,” Garibashvili said. 

US Ambassador to Georgia Kelly Degnan has stated that the agreement reaffirms the ‘common values’ between Georgia and the US and the US continued support for its strategic partner. 

Degnan said that the agreement will support the country’s economic and democratic development and will boost the country’s resistance to foreign threats.