German Ambassador, Georgian Finance Minister sign €5.24 mln grant agreement
The agreement will enable a biodiversity conservation project worth around €24 million. Photo: German Embassy's press office
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German Ambassador Hubert Knirsch and Georgian Finance Minister Lasha Khutsishvili have signed a sustainable local development agreement on a grant of €5.24 million.
The agreement, signed earlier today, will enable a biodiversity conservation project worth around €24 million.
The German non-profit Caucasus Nature Fund (CNF) additionally grants €40 million for nature conservation in the South Caucasus region. Thanks to this funding, Georgia’s 12 existing protected areas will be financed.
Germany commits to further support Georgia, especially in the areas of vocational training, promotion of the private sector, energy and energy efficiency, sustainable urban development and good governance, the German Embassy in Tbilisi reports.
Khutsishvili signed a €24 million grant agreement with German state development bank KfW in June, which will help Georgia undertake a 'Biodiversity and Sustainable Local Development - Georgia' project.
Since the establishment of German-Georgian relations in 1992, Germany has supported Georgia with over €1.3 billion.
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.
Germany will allocate a €170 million loan and a €28.5 million grant to Georgia as part of an agreement signed today between the governments of Georgia and the Federal Republic of Germany.
Germany is giving Georgia €310 million in aid to help the country fight COVID-19 as well as to implement different regional projects, announces the Ministry of Finance of Georgia.
A declaration has been signed between the Georgian Economy Ministry and the German Development Bank (KfW) earlier today on the development of clean and renewable energy in Georgia. The study of green hydrogen potential begins in Georgia, the Economy Ministry reports.
Germany has given a €3mln grant to Georgia for the support of vulnerable families in the country affected by the COVID-19 pandemic. A grant agreement was signed on November 30 between Georgian Finance Minister Lasha Khutsishvili and the German Development Bank’s (KfW) South Caucasus Office Director Birgit Holderied-Kress.