In the framework of the German President Frank-Walter Steinmeier’s visit to Georgia, the Ministry of Finance of Georgia signed EU-supported loan agreements and a financing agreement with KfW Development Bank and the French Development Agency (AFD) worth €181.8 million on 7 October.
The funds will be used for three projects: (1) Support of Georgia’s Energy Sector Reform, (2) Communal Water Infrastructure Batumi, (3) Energy efficiency measures and approach to EU-Energy efficiency standards.
The Parliamentary State Secretary in the German Federal Ministry for Economic Affairs and Energy, Mr. Thomas Bareiß, the French Ambassador Diego Colas and the Ambassador of the EU to Georgia, Mr Carl Hartzell have participated in the signing. The joint efforts of Germany, France and the EU to support Georgia’s Energy Sector Reform receive significant grant contributions from the EU.
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