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Tue, Jun 17th, 2025
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ECONOMY
- Georgia
Georgia to Refuse Conditional EU Loan, Garibashvili Says-CIVIL.GE

(Read full article on civil.ge)

Prime Minister Irakli Garibashvili told reporters today Georgia will refuse EUR 75 million loan from the European Union, conditioned on the court reform and upholding EU-brokered April 19 deal, citing the government attempts to reduce foreign debt and avoid political insinuations.

“This issue gained a huge political significance. Thus, to avoid any insinuations, the government does not rule out, and we have decided to refrain from the second [tranche]” of the EU macro-financial assistance, the Georgian Prime Minister asserted.

He said, however, that “we are very thankful to the EU for all of the help, including during the pandemic management, and in general, for everything they have done for us.”

PM Garibashvili accused the opposition of pushing the EU towards using the conditionality mechanism, noting that “our opponents have moved to the regime of sabotage to somehow… hinder our course towards the West.”

Sep 1, 2021

DATA SNAPSHOT

BANKS
- Azerbaijan
Fitch affirms Azerbaijan’s Expressbank at ‘B’, outlook Stable
TRADE
- Uzbekistan
Uzbekistan’s foreign trade turnover at $13.15 bln in Q1, 2022
ECONOMY
- Belarus
Belarus inflation up 15.9% yr/yr in March-Statistics Committee
ECONOMY
- Georgia
Remittances to Georgia rise 3% yr/yr to $193 mln in March-central bank
THE TRIBUNE
- Eurasia
The Tribune suspends publication
HEALTH
- Covid-19
COVID-19 Eurasia Roundup
The Tribune keeps you up-to-date with the latest vaccines and infection data across the region.
OPINION
- Kazakhstan
OPINION-Kazakhstan’s Reforms Should Be More Than Just Show-FOREIGNPOLICY
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