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IMF approves $750 million loan for Georgia
Washington Published in Saudi Press Agency on 15 - 09 - 2008


The International Monetary Fund on Monday
approved a 750-million-dollar emergency loan for Georgia to help
stabilize the Caucasus republic's economy following last month's
conflict with Russia, DPA reported.
The IMF offered the loan to fill a "financing gap," to help ease
foreign investment concerns as the country tries to recover from the
conflict with Russia over the separatist regions of South Ossetia and
Abkhazia.
The IMF decision is the latest international assistance for
Georgia. Last week, the United States pledged 1 billion dollars in
humanitarian aid.

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