Georgia: Team Europe - EIB’s immediate COVID-19 response in support of the Georgian MSME sector reaches a new milestone

During the joint visit of the President of the European Council Charles Michele and the President of the European Investment Bank (EIB) Werner Hoyer to Georgia, the EIB, the lending arm of the European Union, and Georgian Liberty Bank signed an agreement to expand an existing credit line for Georgian micro, small and medium-sized enterprises (MSMEs) via an additional €2.5 million as part of a total package of €17.5 million. With this signature, the EIB’s total immediate response to COVID-19 in the country comprises additional lending of over €70 million, and existing loans benefiting from COVID measures exceeding €90 million.

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