Georgia

Sweden provides SEK 400 million in support for Georgia

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An International Donor's Conference for Georgia is being held by the European Commission and the World Bank in Brussels on 22 October. At the Conference Sweden will announce SEK 400 million in support for Georgia.

"At the Conference it is important that we clearly demonstrate our support for Georgia's economic recovery and continued development of closer ties with the EU," say Minister for Foreign Affairs Carl Bildt and Minister for International Development Cooperation Gunilla Carlsson in a joint statement.

Mr Bildt will attend the Conference, which is intended to mark support for the reconstruction of Georgia, its economic recovery and the situation of internally displaced persons, following the crisis in the summer.

Swedish support for Georgia totals SEK 400 million for the period 2008-2010: SEK 150 million in 2008; SEK 100 million in 2009; and SEK 150 million in 2010. It consists of reform support for closer ties with the EU; democracy and human rights; economic development, local authority infrastructure; and humanitarian aid. To meet the new humanitarian and economic needs that have arisen after the crisis in the summer Sweden's aid to the country in 2008 has been increased by more than 60 per cent. Sweden is one of the largest European donors in Georgia.

The Donor's Conference brings together a large group of bilateral and multilateral donors and it is hoped that the contributions will be able to cover needs totalling USD 3.25 billion in 2008-2010 that have been identified in a special analysis before the Conference. The European Commission will contribute EUR 500 million in 2008-2010 and the United States USD 1 billion in 2008-2009. International financial institutions like the World Bank and the European Bank for Reconstruction and Development (EBRD) also have operations in Georgia.

Contact:

Irena Busic
Press Secretary to Carl Bildt
+46 8 405 54 73
+46 70 271 02 55

Peter Larsson
Press Secretary to Gunilla Carlsson
+46 8 405 59 39
+46 70 283 95 97