EBRD: Crisis shows Georgia can cope with challenges
BAKU, Azerbaijan, July 20
By Tamilla Mammadova – Trend:
Georgia's COVID-19 crisis management is among factors creating a promising investment climate in the country in the wake of the pandemic, said Caucasus Regional Director for the European Bank for Reconstruction and Development (EBRD) Catarina Bjorlin Hansen, Trend reports referring to Georgian media.
Hansen said that the government's measures against the outbreak made the country competitive among other states.
Commenting on the factors for beneficial circumstances in Georgia after the pandemic, Hansen noted transparency for business sector along with the measures for curbing the coronavirus, saying the crisis showed the country could handle any situation.
EBRD and Georgia cooperated during the height of the COVID-19 crisis to enable restructuring of loan repayments and unlocking assistance packages.
The bank also provided a loan of up to $100 million to Bank of Georgia to address the economic impact of the virus.
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