Georgia to receive €55 mln to rehabilitate, improve public schools energy efficiency
KfW and the Georgian Municipal Development Fund also signed an agreement to implement a project funded by European Bank for Reconstruction and Development under its Green Investments in Buildings Project, involving €40 million in loans and €10 million in grant funding to Georgia. Photo: Ministry of Finance.
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Georgia and the Reconstruction Credit Institute of Germany on Wednesday signed an agreement on financing the Open Energy Efficiency Programme in Georgian Public Buildings, aiming to rehabilitate and improve energy efficiency in public schools of the country.
The Ministry of Finance said Minister Lasha Khutsishvili, Svenja Schulze, the Federal Minister for Economic Cooperation and Development of Germany, and representatives of KfW Georgia had signed the deal that will allocate about €55.4 million of financial resources to the programme.
As part of the total sum, a €40 million loan will be provided by KfW, while €15.35 million will be a grant from the Institute and the European Union.
KfW and the Georgian Municipal Development Fund also signed an agreement to implement a project funded by European Bank for Reconstruction and Development under its Green Investments in Buildings Project, involving €40 million in loans and €10 million in grant funding to Georgia.
Georgia will receive a $16,250,000 grant from the German state development bank KfW over the next six years to create and develop protected areas in the country, the Environment Ministry announced on Sunday.
Georgian Finance Minister Lasha Khutsishvili will hold the position of the Vice Chairman of the European Bank for Reconstruction and Development Board of Governors throughout 2022-2023, the Ministry of Finance has announced.
Georgian Finance Minister Lasha Khutsishvili spoke about his country’s potential in generating green energy at the European Bank for Reconstruction and Development's Annual Meeting and Business Forum in Morocco, the Ministry said.
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.
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.
Representatives of the Board of Directors of the European Bank for Reconstruction and Development will hold meetings with Georgian officials, entrepreneurs and civil society during their official visit to capital Tbilisi this week, the EBRD announced on Monday.