Difficult Economic Situation in Georgia, Says Georgian Ex-President
Azerbaijan, Baku, 28 October / Trend corr. E.Tariverdiyeva / Eduard Shevardnadze, Ex-President of Georgia, names economic situation in Georgia as the most difficult. The Georgian nation cannot feel economic aid on themselves soon, which the international financial institutions will render, Shevardnadze told Trend over telephone on 28 October.
"There are some people in Georgia that they starve and do not have any job. However, at present the international financial institutions have made statement to support them. The aid will cover two or three years, whilst the nation will not feel it at once," Shevardnadze believes.
The International Monetary Fund and other huge financial institutions will render aid to raise economy of Georgia. Robert Mosbacher, the President of the Overseas Private Investment Corporation (OPIC), signed a cooperation memorandum with heads of seven Georgian companies in Tbilisi on 27 October. The Georgian companies will get $176mln from the OPIC within the framework of the signed document.
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