Tbilisi. European Union releases the joint letter addressed to the goverment and people of Georgia.
“The COVID-19 pandemic and associated economic crisis is unfolding at an unprecedented pace and has pushed the world economy into a recession. The impact will be worse than the global financial crisis and economic damage is mounting across all countries. As an open economy that relies on tourism, trade, and remittances, Georgia is particularly vulnerable to this pandemic.
To overcome this pandemic, we need a coordinated health, social, and economic policy response. We, the Asian Development Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, the European Union and the European Investment Bank, the Federal Republic of Germany through KfW, the French Republic through the Agence française de Développement, the International Monetary Fund, and the World Bank Group are working together to ensure rapid support to Georgia and are currently discussing a substantial financial relief package to help the authorities respond effectively to this unprecedented crisis. Many other development partners are similarly preparing support packages for the people of Georgia. As Georgia’s Coat of Arms so appropriately puts it, there is truly ‘strength in unity’”.