Brussels, 12/12/2014 (Agence Europe) - On Friday 12 December, the European Commission signed a Memorandum of Understanding on macro-financial assistance for Georgia to the tune of €46 million.
The aid was decided upon in August 2013 in order to stabilise the country's balance of payments and will be distributed evenly between grants and loans and will be disbursed in two equal tranches in 2015.
Disbursement of the assistance will be conditional on a number of economic policy measures...