The European Commission has disbursed EUR 15 million in loans to help Georgia cover part of its financing needs and support the implementation of economic reforms.
The loan was provided under the first installment of its new Macro-Financial Assistance (MFA) program.
“The grant component of EUR 5 million will be disbursed in the coming days, bringing the total amount of this installment to EUR 20 million”, read the press release published by the EU Delegation to Georgia.
Georgia’s new MFA program is worth up to EUR 45 million in total.
The European Parliament and the Council approved the new program in April. (Agenda/Business World Magazine)