Germany disburses €3mln grant to Georgia to support families affected by pandemic

The embassy also says that ‘the loan amount provided in 2020 allowed the financing of more than 280,000 unemployment assistance payments to eligible beneficiaries.’ Photo: Imedinews.ge.

Agenda.ge, 01 Dec 2021 - 13:20, Tbilisi,Georgia

Germany has given a €3mln grant to Georgia for the support of vulnerable families in the country affected by the COVID-19 pandemic. 

A grant agreement was signed on November 30 between Georgian Finance Minister Lasha Khutsishvili and the German Development Bank’s (KfW) South Caucasus Office Director Birgit Holderied-Kress.

The grant is part of the COVID-19 Emergency Support from Germany 2020 which included a €5.8 million grant and a €15 million subsidised loan. The purpose of the assistance is to alleviate economic consequences for the Georgian families who lost their income due to the pandemic.

With the increased grant amount it is expected to finance more than 135,000 social security payments to vulnerable households...This support will not only contribute to the social protection of countless families but also to the strengthening of the social security system itself,” the German embassy in Georgia reports.

The embassy also says that ‘the loan amount provided in 2020 allowed the financing of more than 280,000 unemployment assistance payments to eligible beneficiaries.’ 

KfW Development Bank has been operating in Georgia since 1993, supporting the projects in the energy sector, the promotion of sustainable urban development, the protection of the environment and natural resources, and vocational training.