EU offers €150 mln COVID-19 support package for Georgia
The proposal comes on top of the ‘Team Europe' strategy, the EU's robust and targeted response to support partner countries' efforts in tackling the coronavirus pandemic. Photo: Nino Alavidze/Agenda.ge.
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The European Commission has adopted a proposal for a COVID-19 support package for Georgia comprised of €150 million to help the country limit the economic fallout of the coronavirus pandemic.
The proposal comes on top of the ‘Team Europe' strategy, the EU's robust and targeted response to support partner countries' efforts in tackling the coronavirus pandemic.
Ambassador of the European Union to Georgia Carl Hartzell shared this news on his official Twitter account:
Proud to announce proposal for third #TeamEurope Covid-19 support package for ???????? composed of €150 million of low-interest loans for urgent financial needs.
— Carl Hartzell (@CarlHartzellEU) April 22, 2020
More in my letter to PM @GakhariaGiorgi as attached.#EU4Georgia #StrongerTogether pic.twitter.com/0ZutVUadzD
In total the EU Commission adopted a proposal for a €3 billion macro-financial assistance package to 10 enlargement and neighbourhood partners, which besides Georgia includes the following countries:
- Albania (€180 million)
- Bosnia and Herzegovina (€250 million)
- Jordan (€200 million)
- Kosovo (€100 million)
- Moldova (€100 million)
- Montenegro (€60 million)
- North Macedonia (€160 million)
- Tunisia (€600 million)
- Ukraine (€1.2 billion)
The funds will be made available for 12 months in the form of loans on "highly favourable terms" to help these countries cover their immediate, urgent financing needs, says the EU Commission.