Photo: Agency of Protected Areas

Economy
Posted: 3 weeks ago

Georgia Receives Unprecedetent €40 Million for the Development of Biodiversity and Protected Areas

"Biodiversity and Sustainable Local Development in Georgia" - An agreement on financial cooperation was signed between the Government of Germany and Georgia.

According to the Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Georgia, Hubert Knirsch, under the agreement signed between the German Credit Bank for Reconstruction (KfW) and the Caucasus Wildlife Fund (CNF), Georgia will receive unprecedented € 40 million in financial support for the conservation of nature, biodiversity and further development of protected areas in the regional context.
 
The 6-year grant program will improve the financial sustainability of the protected area system as well as the forestry sector for the Adjara region. The aim of the project is, on the one hand, to support the conservation and sustainable use of biodiversity in Georgia, and on the other hand, to promote the development of ecotourism in the country and increase the income of the local population living in the vicinity of protected areas.
 
"It should be noted that in 2020-21, Germany has already allocated 34 million euros in grants to Georgia, which will be supplemented by a grant of 43 million euros. Therefore, with the unprecedented support of Germany, in 2020-2030, important steps will be taken to preserve the unique biodiversity in Georgia, "the agency said.