Georgia

Georgia hopes an international donors’ conference to be hosted by the European Union next week will raise upwards of USD 1.4 billion for reconstruction, President Mikheil Saakashvili said on Oct.14. European Commission President Jose Manuel Barroso told a joint news conference in Brussels he expected the EU to come forward with 500 million euros of funding, and Saakashvili said he was looking for around twice that amount from others. “We are talking about the possibility of mobilizing twice that sum through individual donors,” Saakashvili said. The donors’ conference is due to be held in Brussels from Oct. 20. (Reuters)

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