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- EIB ready to invest in Georgia - Georgia and the EIB sign a framework agreement
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- EIB ready to invest in Georgia - Georgia and the EIB sign a framework agreement
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- Mr. Aleksi Aleksishvili, Minister of Finance of the Republic of Georgia, and Mr. Torsten Gersfelt, Vice-President of the European Investment Bank (EIB), and Mr. Aleksi Aleksishvili, Georgia’s Finance Minister, signed earlier today in Tbilisi a framework agreement providing the basis for EIB’s future activities in Georgia.
Background
The European Investment Bank, the European Union's long-term lending institution, supports investments furthering EU integration, in support of 6 priority EU policies: cohesion and convergence; support to SMEs; environmental sustainability; research, development and innovation; Trans-European Networks; and sustainable, competitive and secure energy. It also operates outside the EU within the framework of the EU's external policies for co-operation and development. Owned by EU’s 27 Member States, the EIB raises its funds on the capital markets (AAA-rated issuer). In 2006, it borrowed EUR 48bn and lent a total of EUR 45.8bn.
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