The European Investment Bank has made a disbursement of EUR 50 million to the Government of Georgia for the procurement of vaccines against COVID-19, as well as other medical equipment essential for the successful treatment of COVID-19 patients.
The amount will be added to the 210 million Euros allocated by the European Investment Bank in 2020 to ensure the sustainability of the Georgian healthcare system and local small and medium-sized businesses.
This is the second-largest single disbursement for the EIB in Georgia to date and a part of the EUR 100 million COVID-19 support package for the Georgian healthcare system provided by the EIB.
In 2020 alone, the EIB Group provided EUR 210 million in loans and guarantees to support the resilience of Georgia’s healthcare system and speed up the recovery of the national economy from the COVID-19 pandemic. This support package from the EU Bank includes EUR 100 million invested to reinforce the resilience of the Georgian healthcare sector and EUR 110 million provided to the Georgian financial institutions for intermediated lending to local micro and small and medium (SME) enterprises in the country.
The support for the faster recovery of the Georgian economy includes an additional EUR 250 million extended as guarantees by the European Investment Fund, a part of the EIB Group.
