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Asia to allocate Georgia USD 100 mln for 15 years

2010-09-27 17:20

8068.jpegA representative mission of the Asian Development Bank, headed by Ashok Kumar, the Board  Chairman, is staying in Tbilisi - Business-Gruzia.

The delegates negotiated with official Tbilisi over allocation of another credit and its terms. The sum concerned amounts USD 100 mln for 15 years. Three first years are the grace period. Money will be transferred stage-by-stage, in 3 tranches. The interest rate will be determined in accordance with ADB principles.

Previously Georgia was allocated USD 70 mln and USD 80 mln credits - for struggling against the global crisis.

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