BAKU, Azerbaijan, April 24
By Tamilla Mammadova - Trend:
The Parliament of Georgia has ratified two loan agreements with the International Bank for Reconstruction and Development (IBRD), which is part of the World Bank Group, for 45 million euros and 18.2 million euros, Trend reports with reference to the Georgian parliament.
According to the parliament, a loan of 45 million euros is aimed at the state support of the regions and investments in 27 districts of the country.
"The specific target orientation of this project is based on the reforms implemented by the country," said Deputy Minister of Finance Georgi Kakauridze.
The second loan of 18.2 million euros is aimed at improving the irrigation and drainage systems in three regions and developing the land market in 12 pilot districts.
Both loans are issued for a period of 25 years.
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