Georgia shares data on StopCoV fund

Finance Materials 8 February 2021 14:25 (UTC +04:00)
Georgia shares data on StopCoV fund

BAKU, Azerbaijan, Feb. 8

By Tamilla Mammadova – Trend:

Georgian StopCov Fund accumulated more than 138 million lari ($41.7 million) and the list of responsible businesses was created as well, Trend reports via Georgian media.

The StopCov Fund was created by the Georgian government to accumulate local funds to help fight the coronavirus pandemic in March 2020.

Unlike fundraising, the government has not conducted such an active information campaign related to the funds spending. However, initially, it was noted that spending of the money should be coordinated with the Business Ombudsman and the private sector for the identified needs.

According to the Budget Performance Report, a total of 132.9 million lari ($40.2 million) was spent from the fund.

As reported, the use of fund resources actually started in August, 4 months later after their enrollment.

The government of Georgia spent the main part of the funding - 122.9 million lari ($37.1 million) on the projects announced before the parliamentary elections, including issuing the assistance of 200 lari ($60.47) for children.

In addition, 3.6 million lari ($1.08 million) was allocated to strengthen the capacity of 112 call centers, and 5.7 million lari ($1.7 million) was given to the Ministry of Education for schools’ disinfection.


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