BAKU, Azerbaijan, June 17
By Tamilla Mammadova – Trend:
The European Investment Bank (EIB) has allocated 50 million euros to the government of Georgia for the procurement of vaccines against COVID-19 through the COVAX facility, Trend reports via the EU Delegation to Georgia.
This support package from the EU Bank includes:
- Some 100 million euros invested to reinforce the resilience of the Georgian healthcare sector;
- Some 110 million euros provided to the Georgian financial institutions for lending to local SMEs.
The support for the faster recovery of the Georgian economy includes additional 250 million euros extended as guarantees by the European Investment Fund, a part of the EIB Group.
In 2020 alone, the EIB Group provided 210 million euros in loans and guarantees to support the resilience of Georgia’s healthcare system, and speed up the recovery of the national economy from the COVID-19 pandemic.
The EIB supports the Georgian healthcare sector extended in 2020 allowed modernization of five key hospitals and clinics across the country, procurement of modern medical equipment, and allowed local financial institutions to create new credit lines for local companies to address liquidity issues, sustain jobs, and finance their investments or expansion plans.
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