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Monday, 18 June 2018


USA to help Georgia to sort out with financial aid

2010-08-12 11:38

Today John Bass, the U.S. ambassador to Georgia, and Kakha Baindurashvili, the Minister of Finance of Georgia, will sign an agreement on division of financial aid.


According to the draft, nearly 2 bn dollars, already allocated by Washington, must be spent on improvement of infrastructure and economic growth of Georgia.

In February Kakha Baindurashvili and Jose Fernandez [U.S. Assistant Secretary of Commerce for Economic Development] signed an agreement on allocating Georgia USD 122 mln for implementation of energy projects.

Baindurashvili announced that USD 80 mln from the aforesaid sum would be spent on construction of a gas pipeline in Poti and its vicinity; the rest of the sum - for building power lines in Senaki region in the West of Georgia.

The Minister noted that USD 122 mln was a part of USD 1 bn tranche. The decision of allocating it was made in September 2009 by the previous U.S. administration.


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