Georgia Needs USD3 Billion Economic Boost, Says World Bank

Some USD3 billion in foreign aid over the next three years is required to close foreign investment gaps in Georgia following the country’s recent armed conflict with Russia, a World Bank report due to be published next week revealed. The U.S. committed USD1 billion and the European Union pledged USD681 million for the war-torn nation. (“Georgia seeks aid to plug investment gap” - Financial Times, Oct. 4, 2008)

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