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Georgian government considers restructuring agricultural loans

Georgia Materials 20 July 2012 10:12 (UTC +04:00)
The Georgian government is considering restructuring loans for agricultural purposes in the villages affected by the disaster, Georgian Prime Minister Vano Merabishvili said last night at a meeting of Headquarters for Emergency Disaster Response held in Kvareli (Kakheti region, Eastern Georgia).
Georgian government considers restructuring agricultural loans

Georgia, Tbilisi, July 20 / Trend, N.Kirtskhalia /

The Georgian government is considering restructuring loans for agricultural purposes in the villages affected by the disaster, Georgian Prime Minister Vano Merabishvili said last night at a meeting of Headquarters for Emergency Disaster Response held in Kvareli (Kakheti region, Eastern Georgia).

According to the Cabinet of Ministers, the government will divide victims into three categories. All three categories will receive food aid, which includes flour, vegetable oil and sugar. At the same time, each family will receive money compensation, depending on the damage suffered.

"We fully solve technical, financial and food problems. Tomorrow, we will specifically calculate the damage, and every victim will know what kind of compensation, food and credit aid he will get," Merabishvili said.

At the meeting Georgian President Mikheil Saakashvili made an initiative on restructuring bank debt of residents of the affected areas.

He said it is unacceptable that those suffered from natural disaster will also have problems with loans.

"The situation is much more dramatic than we had imagined. Disaster blew off roof of more than half of houses, orchards are destroyed," Saakashvili said.

The disaster raged in three regions of Georgia - Kakheti, Mtskheta-Tianeti and Samtskhe-Javakheti on Wednesday night.

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