EU agrees on €46 million aid package for Georgia

The European Union on Tuesday announced a Euro46 million (USD 61 million) macro-financial assistance (MFA) package to support its economic recovery.

The financial aid package was approved by the European Parliament on Tuesday after it was proposed in January by the European Commission. This was the second MFA granted to Georgia due to a previous commitment by the EU.

The €46 million aid is part of a comprehensive package from the EU totaling €500 million to support Georgia’s recovery stemming from the 2008 armed conflict with Russia and the global crisis.