The FINANCIAL - United States Has Released Next Tranche $53 million to Support Georgia

United States Has Released Next Tranche $53 million to Support Georgia

United States Has Released Next Tranche $53 million to Support Georgia

The FINANCIAL -- The American Chamber of Commerce in Georgia representing American, International and Georgian companies today said it is very pleased by the Announcement of Ambassador John Tefft tconcerning the release of the next tranche of the $1 billion pledge by the United States Government to support economic and reconstruction efforts in Georgia.


A large portion of the announced assistance pledge (approximately $53 million) is dedicated to Democracy Assistance which includes supporting dialogue and participation in democratic civil processes.  ‘ We believe these processes to be of vital importance to the future stability, growth and prosperity of the citizens of Georgia,’ Chamber said.


The pledge also will support crucial issues such as energy infrastructure - assisting with programs to help ensure Georgia’s energy independence; and health, education, social services, humanitarian assistance  and border security.


“The mission of AmCham Georgia is to ensure a growth-oriented socially responsible business and investment climate. Our Chamber has for the past 10 years committed to promotion of US-Georgia economic and commercial relations. We’ve worked intensively and successfully on issues such as Trade & Transport Facilitation, Tax Liberalization and ease of administration, Investment Promotion, Corporate Social Responsibility & Good Governance, Education and Training and Human Resource development. The United States remains one of the largest  sources of foreign  investment into  Georgia.”


Our partnership with the US Embassy in Georgia has helped our Chamber to work successfully with Georgian policy makers towards the broad reaching economic reforms that have taken place here over the past several years.


“This pledge of $53.3 million is, in our opinion, yet another example of the continued commitment that the United States Government has towards a stable, democratic and prosperous Georgia. AmCham Georgia is fully committed to transparent and open communication and inclusive dialogue between our members and Georgian policy makers, and we commend the US Government on their continued support “says Amy Denman, Executive Director of AmCham Georgia.


“The programs supported by the $53.3 million announced today will serve to enhance the partnership of the US and Georgia. AmCham pledges to remain a strong voice of the business community in Georgia and a central part of the partnership” Says David Lee, President of AmCham Georgia.