United States Vice President Joe Biden said in his meeting with Georgian President Giorgi Margvelashvill on Saturday that the U.S. would provide an addition $5 million in assistance pending approval by Congress.
The aid will help people affected by Russia's "borderization" of the Administrative Boundary Lines of Georgia's occupied territories, increase access to information, promote national unity and assist the government in implementing judicial reforms, Biden's office said.
The additional funding follows the $1.5 million ABL assistance that Secretary of State John Kerry announced at the U.S.-Georgia Strategic Partnership meeting on Feb. 26.
In total, the U.S. is now providing approximately $65 million in assistance to Georgia this year.
The additional money will support several projects, including infrastructure development, vocational training, microfinance, establishment of a system for monitoring the new anti-discrimination law and youth education.
- TBC Bank named best bank in Georgia by Global Finance magazine
- Amirbekyan of Anelik Bank wins TFP Trade Expert award
- UniCredit sells non-performing mortgage loans
- European Investment Bank lends millions to AccessBank to finance small businesses
- First Ukrainian International Bank among most transparent financial institutions in region, study says
- VTB Bank named best trade-finance bank in Russia by magazine
- AtaBank, Central Bank of Azerbaijan Republic host financial literacy event
- Richard de Keijzer named managing director for ABN AMRO Commercial Finance in the UK
- Galt & Taggart named Best Investment Bank in Georgia by Global Finance magazine
- Armeconombank customers can repay loans via Idram, EasyPay terminals