EU steps up budget support in Georgia: €26.22 million for Internally Displaced People and Education
20-12-2011
The European Union has recently disbursed €26.22 million to the Georgian Treasury in support of measures in two key sectors, internally displaced people and education, according to a press release from the EU Delegation in Tbilisi.
The EU has paid €21.1 million (out of an overall support of 43.5 million) towards so-called "special measures" by the Georgian government in support of Internally Displaced People. This support will help Georgia in resettlement of IDP families and construction of new apartments in Poti, Batumi, and Tskhaltubo, and help achieve the targets of Georgia’s IDP Action Plan.
Another €5.1 million out of the €19 million pledged in 2009 will go in support of the vocational education and training sector, the press release added.
Education and training is an integral part of the process of sustaining human capital development, as it endows people with skills, knowledge and attitudes that enhance their employability and improve their adaptability to changing and flexible labour markets. This is also an area where the EU puts a great emphasis, when it comes to cooperation between partners.
The EU will make further payments foreseen by these programmes of support to the Georgian state budget if conditions set in the respective bilateral agreements are met, the press release concludes.
Budget Support is an instrument used by the EU and other donors to assist governments in implementing key strategy reforms in full ownership. It consists in providing funds to the treasury following the realisation of the key objectives of a given reform programme in addition to contribution to the government efforts. Budget Support stimulates the establishment of a policy dialogue between the beneficiary country and the EU. (ENPI Info Centre)
Read more
NEWS
LIBRARY
YOU TUBE
PHOTOGALLERY
FLICKR
FACEBOOK
LINKEDIN
TWITTER
RSS
GET OUR BANNER