POLITICS
European Parliament allocates EUR 45 million for Georgia
15 March, 2018
The European Parliament has allocated EUR 45 million for Georgia within the frameworks of the Macro-Financial Assistance (MFA) 2017-2020, - Member of the European Parliament Sajjad Karim has twitted.

“It is the third time since the war 2008, that following the request from the Georgian authorities the Commission proposes a Programme of micro-financial assistance. Worth EUR 45 million for the period 2017-2020, in two instalments comprising of both medium-term loans (EUR 35 million) and grants (EUR 10 million).

The new
programme will usefully complement the financial assistance clearly provided by the EU under the European Neighborhood Instrument and by the International Monetary Fund under the extended Fund Facility,” - Sajjad Karim has twitted.

The European Parliament endorsed the proposal with 570 votes to 108.

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