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The French Development Agency

Germany and France allocate over €250 mln to Georgia

2 mins read

The FINANCIAL — The French Development Agency and the Ministry of Finance of Georgia signed a EUR 58 million loan to finance the reconstruction of water and sanitation utilities in Khashuri. The activities financed under the loan will be supplemented by a EUR 7,15 million Grant from the European Union. Also, 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. On July 31st 2020 the Minister of Finance of Georgia, Mr. Ivane Matchavariani, the Ambassador of France to Georgia,…

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Germany and France allocate over €250 mln to Georgia

2 mins read

The FINANCIAL — The French Development Agency and the Ministry of Finance of Georgia signed a EUR 58 million loan to finance the reconstruction of water and sanitation utilities in Khashuri. The activities financed under the loan will be supplemented by a EUR 7,15 million Grant from the European Union. Also, Germany will allocate a €170 million…