Saturday, July 31, 2010

WB to allot $50 bn to Georgia


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World Bank

The World Bank will allot next $50m to Georgia, Business Georgia reports.

Georgia will receive $40m as a lax credit by the line of the International Development Association.

$10m will be allotted in a form of an ordinary credit by the head organization of the WB Group-International bank for Reconstruction and Development.
The bank has spread a statement according to which financing carries a budget replacing nature.

The aim of the project is indicated as "support to the governmental program of reforms to facilitate implications of decline, assist to recovery and prepare for post-crisis growth". 

Georgia Times

Source: News.Az - Latest news from Azerbaijan

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