Germany disburses €3mln grant to Georgia to support families affected by pandemic
The embassy also says that ‘the loan amount provided in 2020 allowed the financing of more than 280,000 unemployment assistance payments to eligible beneficiaries.’ Photo: Imedinews.ge.
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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.
The grant is part of the COVID-19 Emergency Support from Germany 2020 which included a €5.8 million grant and a €15 million subsidised loan. The purpose of the assistance is to alleviate economic consequences for the Georgian families who lost their income due to the pandemic.
With the increased grant amount it is expected to finance more than 135,000 social security payments to vulnerable households...This support will not only contribute to the social protection of countless families but also to the strengthening of the social security system itself,” the German embassy in Georgia reports.
The embassy also says that ‘the loan amount provided in 2020 allowed the financing of more than 280,000 unemployment assistance payments to eligible beneficiaries.’
KfW Development Bank has been operating in Georgia since 1993, supporting the projects in the energy sector, the promotion of sustainable urban development, the protection of the environment and natural resources, and vocational training.
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.
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.
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.
Submission of documents on Covid vaccination, recovery and testing won’t be mandatory for Georgian citizens while travelling to Germany starting June, the German Embassy in Georgia announced on Tuesday.
Georgian Finance Minister Lasha Khutsishvili thanked Svenja Schulze, the Federal Minister for Economic Cooperation and Development of Germany, for the assistance provided by Germany to the country and for the “strong support” of Georgia’s European integration, the Ministry announced on Thursday.
Georgian Economy Minister Levan Davitashvili and Svenja Schulze, the Federal Minister for Economic Cooperation and Development of Germany have discussed economic relations between the countries and outlined priority areas for future cooperation including trade, energy, transport and agriculture, the Economy Ministry announced on Friday.