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IBRD Approves €45 Million Loan to Georgia

The International Bank for Reconstruction and Development (IBRD) permitted a €45 million loan to the Georgian Government, money which will be allocated to the country’s state budget.

The loan agreement was signed on March 30. It will be a 25-year loan, with a 14-year ‘grace period’ and incorporates a 1.25% annual percentage rate (APR).

By Beka Alexishvili

24 April 2020 19:53