EU ‘respects’ Georgian gov’t decision not to take EU loan, but notes Georgia may not have been eligible

The EU has pointed at ‘shortcomings’ in Georgia’s judiciary field. Photo: Nino Alavidze/, 01 Sep 2021 - 11:38, Tbilisi,Georgia

The EU delegation to Georgia has responded to the Georgian government’s recent refusal to take the second tranche of the EU’s 150 million euro loan, stating that they ‘respect’ the decision, but noting that the country has been unable to completely fulfil preconditions that would have been needed to receive the second instalment.

At a briefing late yesterday, the EU embassy said that the Georgian government has not yet taken genuine steps to improve issues in the country’s judiciary, increase its accountability and quality.

Georgian Prime Minister Irakli Garibashvili stated yesterday that the reasons behind the refusal were the positive moves in the state economy and the government’s intention to gradually pay the country’s more than 20 billion USD foreign debt. 

The Georgian NGOs have stated that the government’s refusal to take the loan amid the ‘severe epidemiological and economic situation’ in the country equalled the ‘deviation from the country’s Euro-Atlantic course’.

The opposition parties claimed that the EU would not have issued the loan at all because of the ruling Georgian Dream party’s withdrawal from the April 2021 EU-mediated agreement and that the Georgian government ‘just made the statement on the refusal to take the loan before the EU  announced its denial.’