Parliament Ratified Georgian-German Financial Agreement

(Tbilisi, August 26, 2003, Civil Georgia) – The Parliament of Georgia today ratified an international financial agreement between the governments of Georgia and Germany.

The agreement was signed on August 20 by Georgian Finance Minister Mirian Gogiashvili and German Ambassador to Georgia Uwe Schramm.

Under the agreement, the German government will allocate Euro 26 million, one part of which is a long-term credit, and the other is a grant.

A part of the financial assistance will be used for reconstruction of various buildings in Tbilisi, which suffered as a result of the earthquake in 2002.

This post is also available in: ქართული (Georgian) Русский (Russian)