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Tuesday, May 21, 2024

Foreign Affairs Committee supported ratification documents

The Foreign Affairs Committee reviewed and supported several documents submitted for ratification. The First Deputy Minister of Finance, Giorgi Kakauridze, introduced the loan and grant agreements between Georgia and the Scandinavian Environment Finance Corporation to the members of the Committee, which aim to improve the study conditions in the mountainous regions and develop a social platform for students.

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The Foreign Affairs Committee reviewed and supported several documents submitted for ratification. The First Deputy Minister of Finance, Giorgi Kakauridze, introduced the loan and grant agreements between Georgia and the Scandinavian Environment Finance Corporation to the members of the Committee, which aim to improve the study conditions in the mountainous regions and develop a social platform for students.

According to him, a framework agreement was signed on February 25, 2014, between the Government of Georgia and the Scandinavian Environmental Finance Corporation (NEFCO), which will make available to Georgia the financial resources and instruments of another financial institution. Under the loan agreement, NEFCO will provide a loan of 3.9 million euros to finance the project. The duration of the loan is 10 years, of which 3 years are preferential, and the interest rate depends on EURIBOR.

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The project completion date is May 4, 2025. As for the grant agreement, according to the submitted agreement, the Environmental Cooperation Fund (E5P) will allocate 2.6 million Euros in the form of a grant, which will be transferred to the Municipal Development Fund of Georgia for the implementation of the project.



At the sitting of the Foreign Affairs Committee, the Agreement on Technical Cooperation between the Government of Georgia and the Government of the Federal Republic of Germany was exchanged, and the Deputy Minister of Regional Development and Infrastructure, Mzia Giorgobiani, introduced the members of the Committee. The agreement envisages the allocation of 2.1 million euros in financial assistance from Germany to Georgia to finance the “Sustainable Urban Development in Georgia” and the “Research and Specialists Fund” projects.

The Committee also discussed the draft resolution of the Parliament of Georgia submitted by Nikoloz Samkharadze and Giorgi Khelashvili through a legislative initiative, according to which the main and reserve composition of the delegation of the Parliamentary Assembly of the Francophonie will be determined by five seats instead of the existing 3.



The mentioned change is included in the Resolution of the Parliament of Georgia N30-II rs-X MP of December 23, 2020, on Permanent Parliamentary Delegations, according to which the number of seats in the main and reserve compositions of the delegation of the Parliamentary Assembly of the Francophonie will increase by two. The Foreign Relations Committee supported the appointment of Tamar Taliashvili, a member of the Committee, as the Thematic Rapporteur.

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The topic is the fulfilment of Georgia’s international obligations in the field of intellectual property protection, supported by the EU project facility.

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