US, Georgia Sign $295 Million Aid Deal
The United States, through the Millennium Challenge Corporation (MCC), signed a five-year $295.3 million Compact with Georgia, the MCC reported on September 12.
The Millennium Challenge Compact aims at reducing poverty and stimulating economic growth in the regions outside of Georgia’s capital, Tbilisi.
?MCC is proud to be Georgia’s partner in its efforts to reduce poverty in the regions outside of Tbilisi?, a press release issued by the MCC on September 12 quotes MCC Vice President Charles Sethness as saying.
?Our partnership will only grow stronger as Georgia continues to establish the rule of law, a vibrant civil society, an independent media, a free economy and effective institutions of government,? U.S. Secretary of State Condoleezza Rice said at the signing ceremony in New York.
Georgian President Mikhail Saakashvili, who also attended the signing ceremony on the sideline of the 60th UN General Assembly in New York, thanked the United States for its help and said that ?this compact is a partnership between our two peoples who share the same values and have the same dreams for their children and … believe in the supreme value of liberty,? according to Reuters.
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