European Bank for Reconstruction and Development opened for Georgia the new program of "green" economy with budget $54 million

European Bank for Reconstruction and Development (European Bank for Reconstruction and Development) in partnership with Ministry of Finance of the Russian Federation Austria and Green climatic fund (GCF) will finance to Georgia the new program of "green" economy of GEFF (Green Economy Financing Facility). As they say in the press release of European Bank for Reconstruction and Development, the general budget programs makes $54 million. Funds will be allocated for investment projects on increase energy efficiencies, to mitigation of the consequences of climate change and adaptation to this process of MSP, corporate and housing sectors by granting credits through local partner banks. "Possible...