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covid19 crisis

UNICEF study says that cash transfers to children are helpful in overcoming poverty

2 mins read

The FINANCIAL — Child poverty is a big problem in today’s society. The problem itself creates other issues and affects many countries. Children born into poverty are more likely to experience a wide range of health problems. Poverty also puts an additional strain on families and in most cases these factors lead to mental health and financial problems. UNICEF study showed that cash transfers and universal financial assistance for children can be very helpful and effective for overcoming these problems. Two weeks ago, at the Executive Government’s meeting, it was announced that Georgian citizens will receive assistance from the state amid…

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UNICEF study says that cash transfers to children are helpful in overcoming poverty

2 mins read

The FINANCIAL — Child poverty is a big problem in today’s society. The problem itself creates other issues and affects many countries. Children born into poverty are more likely to experience a wide range of health problems. Poverty also puts an additional strain on families and in most cases these factors lead to mental health and…

US GDP plunged nearly 35% as over 50 M Americans filed unemployment

2 mins read

The FINANCIAL — Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. Department of Labor released the data which shows that another 1.4M Americans filed unemployment…

AIIB approved EUR45 million loan to Georgia

1 min read

The FINANCIAL — The Asian Infrastructure Investment Bank approved EUR45 million loan to Georgia to mitigate the impacts of the novel coronavirus. The loan provides emergency budgetary support to enable the Government of Georgia to respond to the pandemic more effectively. The financing will enhance inclusive growth and competitiveness, invest in human capital and build resilience by improving connectivity and…