EU and Georgia sign Financing Agreements for COVID-19 Recovery worth €129 million

(Glen Carrie, Unsplash)

This article is brought to you in association with the European Commission.


Today, Commissioner for Neighbourhood and Enlargement Olivér Várhelyi and the Prime Minister of Georgia, Giorgi Gakharia, signed two financing agreements worth €129 million to assist Georgia in coping with the COVID-19 outbreak and its impact on the country’s economy.

Commissioner Várhelyi commented: “The European Union is standing by Georgia in wake of the COVID-19 pandemic. We will continue to do everything we can to alleviate the effects of the pandemic on the lives of the people and businesses.”

The EU support mobilised for Georgia since the beginning of the crisis includes a variety of actions designed to help Georgian citizens cope with and recover from the impact of the pandemic. Support measures include medical supplies, social support to vulnerable groups, loans and grants to businesses and farmers throughout the country, and direct financial support to the state budget.

The two financing agreements signed today as part of the EU’s Covid-19 support package for Georgia, will reinforce support in key areas:

“COVID-19 Resilience Contract for Georgia”

Through a €75 million grant, the EU will support the country’s Anti-Crisis Economic Plan, designed to help citizens of Georgia recover from the impact of the pandemic. Measures include social assistance for vulnerable households and support to businesses who have retained jobs in difficult times. It also foresees to increase the number of beds in intensive care units to prepare for a potential increase in infections.         

 “EU4 Integrated Territorial Development” programme

The EU will support this plan with €54 million in grants targeting the economic development of regions outside the capital. In order for all citizens of Georgia to benefit from economic development, the programme will focus on local authorities and concrete actions for citizens, such as rehabilitating or constructing infrastructure in urban zones, encouraging tourism development, and supporting small and medium sized companies and innovation. The programme also includes measures to support decentralisation and involving citizens in decision-making at local level.

The two agreements are part of the EU’s response to COVID-19 under the “Team Europe” initiative and have been signed in the context of the official visit by Prime Minister Gakharia in Brussels.

Background

The Global EU response to coronavirus follows a Team Europe approach. It draws on contributions from all EU institutions and combines them with the resources mobilised by EU Member States and financial institutions, to address the humanitarian, health, and other consequences of the coronavirus pandemic. The total Team Europe global response package today is at €36.5 billion.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

A 5-step guide to scale responsible AI

Monday’s Daily Brief: US-DPRK relationship reset, ‘Horrific’ Kabul bombing, Anti-conscription plan in Syria, Climate change heat stress, Security Council in Iraq

Checks, fines, crisis reserve: MEPs vote on EU farm policy reform

These countries have the most nuclear reactors

‘Are we ready for the age of disruption?’, Thailand’s Foreign Minister asks UN Assembly

What my transgender child can teach us about the workforce of the future

Competing with Apple and leading innovation: Google’s world replies to EU on android charges

A wide look on the mental health status of the cream of the community, the youth

India m2m + iot Forum Hosts Successful 4th Editions of India Smart Cities Forum and India Smart Villages Forum

3 lessons from India in creating equal access to vaccines

5 things you need to know about the new global framework to manage nature

Happiness apps: how schools are joining the fight for better student mental health

Saudi Arabia expresses ‘regret and pain’ over Khashoggi killing, during UN rights review

Brazil must immediately end threats to independence and capacity of law enforcement to fight corruption

EU Digital COVID Certificate: European Parliament and Council reach agreement on Commission proposal

India’s economy is growing fast, but its poorest areas lag behind. Here’s why this could be about to change

Across Europe, people are struggling to make ends meet. We need a common response immediately.

Humanitarian Aid: EU mobilises €6 million for people in need in Colombia

This is how AI in video games will change the future of work

Mexico must increase foreign bribery enforcement: full implementation of anti-corruption reforms could help

The Commission sees ‘moderate recovery’ but prospects deteriorate

What is long COVID?

Welcome to the age of the platform nation

Israeli security forces’ response to Gaza protests ‘a recipe for more bloodshed’, says UN expert

Chart of the day: This is how many animals we eat each year

What will higher education in Africa look like after COVID-19?

UN spotlights digitization of audiovisual archives to preserve human history on World Day

UN chief condemns deadly terrorist attack on church in southern Philippines

No end to Deutsche Bank’s problems: new litigations in the US and frailty in EU stress test

Reducing deforestation means getting serious about environmental crime

This is the world’s biggest mental health problem – and you might not have heard of it

Europe led by Germany seems vulnerable to Trump’s threats

Climate change: cutting the good by the root?

Migrant caravan: UN agency helping ‘exhausted’ people home

“Our house is on fire.” 16 year-old Greta Thunberg wants action

Huge data gaps’ hampering ‘evidence-based’ national migration policies

EU, Norway and the United Kingdom conclude key fisheries arrangements on North Sea

5 surprising ways to reuse coffee grounds

Coronavirus (COVID-19): Latest news from Monday’s World Health Organization briefing

Mental and comportamental health in the pandemic context

Coronavirus Global Response: European Union organises a humanitarian air bridge to Côte d’Ivoire

Europe is progressing most towards these UN Sustainability Goals: A report card for Europe

Social inclusion: how much should young people hope from the EU? 

The European Union’s road to sustainability – how each EU state is doing

How smartphones can close the global skills gap for billions

EU steps up its strategy for connecting Europe and Asia

UN rights chief ‘alarmed’ by upsurge in attacks against civilians in Syria’s Idlib

Code of Practice against disinformation: Commission calls on signatories to intensify their efforts

How technology is leading us to new climate change solutions

Commissioner Hogan announces new transparency package

Coronavirus Global Response: WHO and Commission launch the Facilitation Council to strengthen global collaboration

What can smallpox teach us about how we’ve managed COVID-19?

Dieselgate: Parliament calls for mandatory retrofits of polluting cars

Millions of Bangladeshi children at risk from climate crisis, warns UNICEF

Tuberculosis infections declining, but not fast enough among poor, marginalised: UN health agency

Educational disadvantage starts from age 10

MWC 2016 LIVE: Mobile Connect availability hits 2B

IMF v Germany: Eurogroup keeps the fight under control

Conference on the Future of Europe: EP delegation sets out ambitious priorities

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: