IMF approves $750 mln loan for Georgia
The International Monetary Fund has approved a $750 million emergency loan for Georgia to help in stabilizing the Caucasus republic’s economy following last month’s conflict with Russia.
The International Monetary Fund offered the loan to fill a “financing gap”, to help ease foreign investment concerns as the country tries to recover from the conflict with Russia over the separatist regions of South Ossetia and Abkhazia.
The IMF decision is the latest international assistance for Georgia. Last week, the US pledged $1 billion in humanitarian aid. (The Economic Times)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.