EU bank offers €50 mln to support procurement of Covid-19 vaccines, medical equipment
In 2020 alone, the EIB Group provided €210 million in loans and guarantees to support the resilience of Georgia’s healthcare system, and speed up recovery of the national economy from the Covid-19 pandemic. Photo: Nino Alavidze/Agenda.ge.
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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.
In 2020 alone, the EIB Group provided €210 million in loans and guarantees to support the resilience of Georgia’s healthcare system, and speed up recovery of the national economy from the Covid-19 pandemic.
This support package from the EU Bank includes:
- €100 million invested to reinforce the resilience of Georgian healthcare sector
- €110 million provided to the Georgian financial institutions for lending to local SMEs
The support for the faster recovery of Georgian economy includes additional €250 million extended as guarantees by the European Investment Fund, a part of the EIB Group.
The EIB support the Georgian healthcare sector extended in 2020 allowed modernisation of five key hospitals and clinics across the country, procurement of modern medical equipment, and allowed local financial institutions to create new credit lines for local companies to address liquidity issues, sustain jobs, and finance their investments or expansion plans.
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 (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 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 Union has mobilised 1.5 billion GEL to support Georgia during the COVID-19 pandemic since March 2020. This is ‘one of the highest levels of EU assistance per capita to any country in the world and demonstrates the EU’s strong solidarity with Georgia at this time of unprecedented crisis’.
The European Union has donated 20 pieces of passport readers to further enable the Georgian Ministry of Interior Affairs to combat irregular migration and enhance border security. The devices with a total value of € 22,000 (90,000 GEL) will contribute to training of border control officers.
Georgian Prime Minister Irakli Garibashvili has announced that the government has decided not to take the second tranche of an EU loan as 'we are trying to reduce foreign debt'. In 2020 the EU disbursed a €60 million grant as part of its €75 million Covid-19 Resilience Contract for Georgia to assist in the implementation of the government’s Anti-Crisis Economic Plan.
Georgia’s Reforms Associates (GRASS) will deploy mobile vaccination ambulatories in Georgia’s Kvemo Kartli municipalities of Dmanisi and Marneuli within the project COVID-19: Civil Society Resilience and Sustainability.
The European Investment Bank (EIB) will invest €34 million to provide internet connections for approximately 500,000 people living in Georgia's rural areas.