Economy
Posted: 4 weeks ago

Georgia Attracts €90 million In World Bank Funds To Finance Education

The World Bank will allocate 90 million euros ($101 million) to Georgia to finance the country's education system. Agreement was signed today. 

It is very important that the international financial institution supports education reform," PM Mamuka Bakhtadze said at a briefing.

According to Bakhtadze, pupils of schools, students and children receiving preschool education will become direct beneficiaries of the World Bank's donation.

The World Bank has been cooperating with Georgia since 1992, having implemented more than 100 projects in the country worth a total of $4.3 billion. In May, the World Bank decided to allocate a $62 million loan for the Georgian energy sector.