European Commission approves disbursement of €23 million in assistance to Georgia

The European Commission approved the disbursement of the second tranche of €23 million under its Macro-Financial Assistance (MFA) to Georgia on 28 April 2017. The funds – €10 million in grants and €13 million in low-interest loans – will be disbursed in May 2017. This is the final instalment of the second of two MFA operations, each in an amount of €46 million. The first one was fully disbursed in 2009-2010.

Macro-financial assistance (MFA) operations are part of the EU's wider engagement with neighbouring countries and are intended as an exceptional EU crisis response instrument. They are available to EU partner countries experiencing severe balance-of-payments issues. EU assistance to Georgia is also delivered through other financial instruments, such as budget support.