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EIB Allocates 250M Euros for East-West Highway Construction in Georgia

Georgia will sign a new 250 million euros worth agreement with the European Investment Bank (EIB), Sputnik Georgia quoted the country’s Finance Minister Dimitri Kumsishvili as saying. “These funds will be spent on construction of the East-West highway,” Kumsishvili told reporters. The minister noted that EIB doubled the volume of investments …

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EBRD to Fund Projects of 400 Million in Georgia

EBRD to Fund Projects of 400 Million in Georgia

European Bank for Reconstruction and Development (EBRD) will allocate the largest sum ever for funding the projects in Georgia. The matter concerns to 400 million EUR, which should be spent on construction of several important projects. Including, Neskra HPP, credit line of 100 million for Bank of Georgia, renovation project …

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Asian Development Bank Increases financing for Georgia

wencai zhang

Asian Development Bank (ADB) is stepping up its financial commitments and committing to providing more money to finance projects in Georgia over the next three years. The Bank’s Vice President Wencai Zhang confirmed ADB would increase its funding to Georgia over the next three years, adding: “if any ongoing project …

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Malala Yousafzai: Simple Idea to Fund Education

According to an estimate by the laureate’s nonprofit group, the Malala Fund, about $39 billion would be needed each year to fund the schooling. Nobel Peace Prize laureate Malala Yousafzai on July 7 urged world leaders to cut “eight days of military spending” in order to fund access for all …

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U.S Embassy’s Fund for Cultural Preservation

Through the U.S. Ambassadors Fund for Cultural Preservation (AFCP), the U.S. Department of State supports eligible countries around the world in the restoration of ancient and historic buildings, assessment and conservation of rare manuscripts and museum collections, preservation and protection of important archaeological sites, and the documentation of vanishing traditional …

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