War-torn Georgia to get $4.55 billion in aid
International donors pledged a higher-than-expected $4.55 billion to help Georgia recover from its war with Russia. The European Commission said the sum pledged at a one-day conference in Brussels included $3.7 billion in public loans and grants and $850 million from the private sector.
Henrietta Fore, head of the U.S. Agency for International Development, said, “At a time of financial turmoil, this is extraordinarily strong.”
The United Nations and the World Bank had estimated that Georgia, an energy transit route, would need $3.25 billion over the next three years to help tens of thousands of people forced from their homes and to repair and develop infrastructure.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.