Georgian government to spend EU aid on reforms

Photo: Georgian government to spend EU aid on reforms / Georgia

Tbilisi, Georgia, Dec.16
By Nana Kirtzkhalia - Trend:

Georgian government has issued a statement in connection with the EU's financial aid in the amount of 27 million euros.

The European Commissioner for Enlargement and Neighborhood Policy Stefan Fule announced about rendering the financial aid on Dec.12.

The "more for more" initiative, within which the aid will be allocated, envisages financial assistance to EU partner countries, which have reached significant progress in implementation of democratic reforms.

The main purpose of the project is to assist the country's government in overcoming the poverty and improving the socio-economic situation, according to the statement of the Cabinet of Ministers.

The amount will be received through Eastern Partnership Integration and Cooperation (EAPIC) program. The money allocated by the European Union will be spent on reforms in the sphere of vocational education, retraining and employment.

Some 20 million euros of the allocated amount will be forwarded directly to the state budget, and the remaining seven million euros - for the implementation of technical and expert support programs.

The signing of the financial agreement has been scheduled for the second quarter of 2014.

Translated by L.Z.

Edited by C.N.

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Tags: Georgia, EU