The World Bank has approved a 60-million-dollar loan for Georgia

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The World Bank has approved a 60-million-dollar loan for Georgia

29-04-2015 09:52

World Bank has approved a loan of $ 60 million for Georgia allocated by the International Bank for Reconstruction and Development.

According to the International organization, the money was allocated to strengthen fiscal policy and financial management, it will also be used to increase the competitiveness of the private sector.

The allocated money is the first stage in a three-stage strategy of the Partnership with Georgia, which covers the period 2015- 2017.

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