Press Release: Press Release on the Conciliation on macro-financial assistance to Georgia

The Conciliation Committee on macro-financial assistance to Georgia concluded successfully on 28 May 2013. It was co-chaired by Minister of State Brian Hayes for the Irish Presidency of the Council and by Vice-President Alejo Vidal-Quadras for the European Parliament. European Parliament rapporteur was Vital Moreira. The European Commission was represented by Commissioner László Andor.

European Union macro-financial assistance aims to provide support to third countries experiencing short-term balance-of-payments difficulties. The agreement reached between the Council and the European Parliament includes a Decision providing macro- financial assistance to Georgia for an amount of 46 Million Euro.

• Primary Source

ESO: Background information: Report from the Commission on the implementation of macro-financial assistance to third countries in 2012 http://www.europeansources.info/record/report-from-the-commission-on-the-implementation-of-macro-financial-assistance-to-third-countries-in-2012/

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