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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.

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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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