German state development bank KfW will help Georgia implement a 'Biodiversity and Sustainable Local Development - Georgia' project with a new grant of €24 million, announces the Ministry of Finance of Georgia.
The grant agreement was signed today by Georgian Finance Minister Lasha Khutsishvili and KfW South Caucasus Regional Office Director Klaus Veigel.
The money will be distributed to the Georgian Agency of Protected Areas and the Forestry Agency of Adjara.
The money will be used to develop the capacity of the Forestry Agency of Adjara and to support protected areas of Georgia. In addition, two new protected areas will be created in the Georgian regions of Racha and Shida Kartli", says the Ministry of Finance of Georgia.
Last year the governments of Germany and Georgia signed an agreement according to which the KfW will help Georgia develop the environment and energy sectors, urban and municipal infrastructure and improve the living conditions of IDPs.