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National Bank of Georgia to obtain a grant from USAID

2009-05-28 16:40

National Bank of Georgia will receive a USD 3.29 mln grant from the U.S. Agency for International Development - to introduce new software for payment systems.

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The agreement was signed today in the National Bank by Georgi Kadagidze, the Bank's president, and John Tefft, the U.S. ambassador to Georgia.

This sum will allow the National Bank to establish a new system of payments, with minimal operational risks. Besides, a new automatized system to manage investments and international reserves will be introduced.

According to the U.S. ambassador, this grant is a part of USD 1 bn financial aid the USA must allocate to Georgia for recovery after the August war.

 

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