U.S. allocates Georgian National Bank large purpose grant

Georgia, Tbilisi, May 29 / Trend , N.Kirtskhalia/

The U.S. Agency for International Development has allocated to the Georgian National Bank a purpose grant of $3,290,000. The agreement on allocation of funds signed by President of the National Bank Gyorgy Kadagidze and U.S. Ambassador to Georgia John Teft.

According to Kadagidze, the agreement aims to support the necessary tools for the development of government banking sector, specifically, promotion of the procurement and implementation of an integrated system for reporting and system of government investment.

The integrated reporting system enables the banking sector and the financial crisis to ensure the circulation of money, payment of salaries, pensions and the fulfillment of obligations imposed by various agreements.

"National Bank of Georgia has launched a systemic change objected at the introduction of modernized, advanced tools and methodologies. Implementation of projects financed by USAID, will improve the infrastructure of the National Bank will make more efficient the bank and protect it from external threats. At the same time, increase the transparency of the daily operations," Kadagidze added.

This amount is part of the billion of assistance to Georgia that the United States provided as an economic aid after the August war, Teft said.

Do you have any feedback? Contact our journalist at: [email protected]

65 Azerbaijani civilians, including women, children, killed since beginning of  Armenian provocation - Prosecutor General's Office
65 Azerbaijani civilians, including women, children, killed since beginning of Armenian provocation - Prosecutor General's Office
State-controlled international television and radio network Voice of America apologizes for its mistake (PHOTOS)
State-controlled international television and radio network Voice of America apologizes for its mistake (PHOTOS)
Russian Embassy in contact with family of teenager who died as result of Armenian shelling
Russian Embassy in contact with family of teenager who died as result of Armenian shelling
Loading Bars
Latest
Recep Tayyip Erdogan: Azerbaijan begins to return its lands
Religious confessions of Azerbaijan demonstrate solidarity in fight against Armenian terror (VIDEO)
65 Azerbaijani civilians, including women, children, killed since beginning of Armenian provocation - Prosecutor General's Office
State-controlled international television and radio network Voice of America apologizes for its mistake (PHOTOS)
Russian Embassy in contact with family of teenager who died as result of Armenian shelling
Azerbaijani flag to be raised in Shusha, Agdere and other lands - MoD
Armenia gives updated list of its soldiers killed in Nagorno-Karabakh conflict zone
Weekly overview of Azerbaijan's financial market
Attacks by Armenia on territory of Azerbaijan - another act of military aggression, says Azerbaijani top official
Teenagers honor memory of Russian citizen who died as result of Ganja shelling by Armenian Armed Forces (PHOTO)
Iran discloses amount of loans issued to industrial and mining sectors
Iran reveals amount of loans issued to agricultural sector
Iranian Energy Exchange announces products to be on sale October 25
Buy/sell operations at Iran Mercantile Exchange decrease
Armenian army’s another combat UAV destroyed by Azerbaijan
Azerbaijan Air Forces destroy military equipment, infrastructure of Armenian troops
Armenian attempts to attack Azerbaijani army units suppressed
New data on Azerbaijani civil casualties, damages from Armenian attacks revealed
Azerbaijani military servicemen act within framework of int'l law - MoD
Terrorist acts against ancient city of Ganja target not only civilian population, but also historical monuments
Argentina extends COVID-19 restrictions until Nov. 8
Armenian terror walks streets of France - Lebanese legal expert
Azerbaijan confirms 220 more COVID-19 recoveries
Air Defense of Azerbaijan shoot down combat aircraft of Armenian Air Force
Reserves of Azerbaijan's Kalbajar region deposits to be re-examined, evaluated
Eight schoolchildren killed, 16 injured due to Armenian terror - Azerbaijan's Ministry of Education
Iran reveals its COVID-19 data for October 24
Azerbaijan fighting misrepresentation of its occupied territories on maps
Armenia shelling Azerbaijan’s Lachin and Gubadli districts from its territory
Import of Uzbek products into Azerbaijan increases
Value-added taxes paid by private sector down in Georgia
Volume of loans issued in Iran increases
Turkmen Ministry of Construction extends tender for construction of checkpoints
Unexploded missile on territory of Azerbaijan’s Goranboy (PHOTO)
Uzbekistan Airport announces tender for water pumps repair
Socio-economic issues in Azerbaijan - in center of attention during COVID-19 - Ali Ahmadov
Expert talks about sanctions against Armenia
Armenia must put end to attacks, illegal occupation of Azerbaijan's territory - Turkish Defense Ministry
Weekly review of events in Azerbaijani agricultural sector
Uzbekistan increases textile products manufacturing
Turkmen Health Ministry to purchase medical equipment via tender
Uzbek-Korean JV announces tender on transport services
Weekly review of Azerbaijan's precious metals market
Azerbaijan informs Russian embassy about Russian citizen killed by Armenia's attacks
Uzbek-Korean Uz-Kor Gas Chemical to buy filters via tender
Azerbaijani diaspora youth actively taking part in media fight against Armenia
Assistant to Azerbaijani president talks teenager killed due to Armenian terror (PHOTO)
Number of online payments reach record high in Georgia
Int'l financial institutions eye to provide assistance to Uzbekistan’s energy sector
Georgia’s coronavirus cases reach 26,503
Armenians barbarously exploited mineral deposits in Zangilan - Azerbaijani Ecology Ministry
Armenia at state level continues terror attacks on Azerbaijani civilians – assistant to president
Azerbaijani oil prices down
Teenager in Azerbaijan's Ganja city dies from wounds following Armenia's missile attack
Salt production growing in Turkmenistan
Uzbekistan's Ministry of Internal Affairs announces tender on equipment supply
Volumes of cargo transshipment from Algeria through Turkish ports revealed
Armenia shelling Azerbaijan’s Gubadli district by using artillery installations
Armenia's missile fire on Azerbaijan's Tartar kill 16-year old teenager - top official
Iran expects to expand oil barter with necessary goods
Azerbaijan's Naftalan, Tartar under heavy fire from Armenian troops
Georgia reveals ATM transaction statistics
Azerbaijani Armed Forces destroy military equipment of Armenia (VIDEO)
Azerbaijani Bar Association appeals to world's lawyers
Armenia's political leadership now has to take several difficult steps - Russian expert
Uzbekistan, China in talks over co-op in IT sphere
Weekly review of Azerbaijan's currency market
Armenian Armed Forces shelling settlements in Azerbaijan’s Tartar and Barda
Turkmenistan to expand its network of trading houses
Armenian armed forces firing at Azerbaijani territories in Goranboy-Naftalan direction
Armenian gov't using visit of German MPs to Nagorno-Karabakh region for propaganda
Azerbaijani president gives interview to Le Figaro newspaper (PHOTO)
OIC 'struck with astonishment' at unexpected discourse from certain French politicians
Ukraine puts Georgia on list of 'red zone' countries
Uzbekistan reveals its COVID-19 data for October 24
Turkmenistan to expand co-o with Italian company for purchase of equipment
Azerbaijan destroys Armenian strongholds, takes over important heights - MoD
Azerbaijan destroys Armenian army’s combat UAV (PHOTO)
Total assets of Bank of Baku increase
Iranian currency rates for October 24
Iran allocates more funds to complete Narm-ab dam in Golestan Province
Austrian company to help expand radio broadcasting networks in Turkmenistan
Ukraine's ex-president, Vice Chair of Museum of Jewish Heritage send letter to Azerbaijan's president
'Smerch' missile launched by Armenia lands in private house garden in Azerbaijan (VIDEO)
Azerbaijan's ANAMA clears out unexploded ordnance from occupied lands (PHOTO)
Firing at Azerbaijani civilians by Armenia is flagrant breach of int’l law - UK Member of parliament
Uzbekistan launches a project on automation of air pollution monitoring
Fine increases for retailers selling alcohol late night
Iran Air resumes all flights to Europe after halt over COVID-19
Gov’t: wearing facemasks in open areas in Tbilisi, Batumi, Kutaisi strongly recommended
Japan mulls $95.5 billion extra budget to counter coronavirus
Abai and Al Farabi monuments unveiled in Turkestan
Ballot papers printing kicks off
Istanbul courts hold e-hearing for first time
Iran, Austria discuss joint coop. on containment of COVID-19
4 terrorists killed in clash with police in SW Pakistan
U.S. may file antitrust charges against Facebook as soon as November: newspaper
France becomes 2nd EU country with over 1 mln COVID-19 cases, record daily caseloads haunting Europe
Palestinians condemn normalization agreement between Sudan, Israel
New York early voting starts on Saturday, 1st time in its history
All news