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Georgia intends to request USD 200 mln from EBRD and ADB

2009-06-30 15:00

Georgia intends to take a USD 200 mln credit from the European Bank for Reconstrution and Development (EBRD) and Asian Bank of Development and Asian Development Bank (ADB), stated PM Nika Gilauri and added the money will be used to stimulate economy - The Vzglyad.

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In April the EBRD representative promised to allocate the country EUR 350 mln for support of financial sector and implementation of infrastructure projects. All in all the bank allocated Georgia EUR 658 mln.

In the course of three years the West and international financial institutions plan to allocate Georgia USD 4.5 bn in credits and humanitarian aid for the economy, damaged by the global crisis and the August events in South Ossetia.

 

 

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