Over the next two years, the United States' $1 billion dollar economic support package will provide for efforts to assist internally displaced people, rebuild infrastructure, restore economic growth, and sustain investor confidence in the Georgian economy as well as foster continued democratic reform and energy security.
While in Brussels, Director Fore also signed an agreement with Georgian Finance Minister Nikoloz Gilauri to provide $250 million in budgetary support to the Georgian government as part of the United States' $1 billion economic support package. The sudden and unplanned increase in government expenditures caused by the conflict has created a need for budgetary support, and this agreement will enable financial support to begin to flow to the Georgian government within a matter of weeks.
This $1 billion pledge is in addition to previously planned bilateral assistance of approximately $100 million over next two years. The United States has provided Georgia with over $1.89 billion to support its democratic, economic, and social development since 1992.