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EU allocates €20 mln to finance economic reforms in Georgia
(MENAFN- Trend News Agency) The European Commission has disbursed €15 million in loans to help Georgia cover part of its financing needs and support the implementation of economic reforms, Trend reports referring to Agenda.ge .
The loan was provided under the first instalment of its new Macro-Financial Assistance (MFA) programme.
The grant component of €5 million will be disbursed in the coming days, bringing the total amount of this instalment to €20 million', read the press release published by the EU Delegation to Georgia.
Georgia's new MFA programme is worth up to €45 million in total.
The European Parliament and the Council approved the new programme in April 2018.
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