The European Union Representation in Georgia, based on the report of the Directorate-General of the European Commission for Neighborhood Policy and Enlargement Negotiations(DG NEAR), reports that Georgia will lose EU assistance in the amount 121 million euro as a consequence of the decline in democracy in the country.
According to the information provided, the remaining funds for 2022 and 2023 that were intended for the government will be lost.
“The annual allocated funds aren’t fully spent in the same years, therefore, the remaining funds from the 2022 and 2023 that were intended directly for government will be lost.”
According to information, 121.3 millions of euros were allocated/suspended from the European Union between 2022-2024 as a response to the backsliding of democratic standards, particularly after the adoption of a Law on Transparency of Foreign Influence aimed at Georgian civil society. From the funds allocated in 2022, 12 million euros have been suspended/redistributed, 72 million euros from 2023, and 37.3 million euros from 2024,” the information states.
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