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Decisions on allocating Georgia 3.5 bn dollars were made

2010-07-15 18:37

Out of USD 4.5 bn, promised to Georgia by donors, agreements for USD 3.5 bn have already been signed, the PM Nika Gilauri said at today's sitting of the government - Georgia Times correspondent.

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According to the data he possesses, agreements on allocation of the rest will be signed to the end of the year. Projects, implied in the frameworks of the financial aid, will be fully implemented in 2010-2012.

Besides, the PM states the donor aid will grow from USD 4.5 bn to USD 5 bn.

"We are conducting negotiations with various financial institutions, and must say financing from the World Bank and Asian Development Bank increased. Instead of promised USD 4.5 bn we'll receive more - about USD 5 bn. It's very important for economic development and growth of the country," Gilauri said.

He added the donor aid is directed to implementation of building and rehabilitation roads projects, water-carrying systems, other infrastructure projects and development of energy sphere.

Gilauri noted the fact at the recent sitting the IMF Board endorsed the economic policy of Georgian government and confirmed allocation of another tranche.

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