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IBRD to Allocate 80 Million to Georgia

IBRD to Allocate 80 Million to Georgia

International Bank for Reconstruction and Development (IBRD) will allocate 80 million to Georgia.

Two agreements were signed on Monday. According to Ministry of Finance, “the World Bank will allocate financial resource of 40 million USD for funding the Innovative Ecosystem Project within the frame of the “National Innovation Ecosystem Project” and 40 million USD for “National Road Asset Management Project”.

The documents were signed by Finance Minister Nodar Khaduri and Mercy Tembon, the World Bank’s Regional Director for the South Caucasus.