Georgia to lose EUR 121 million in EU aid over democratic backsliding – EU Delegation in Georgia

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21 November 2024, 23:08

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Georgia to lose EUR 121 million in EU aid over democratic backsliding – EU Delegation in Georgia

08-10-2024 18:25

Georgia will lose 121.3 million euros in EU aid as a result of democratic backsliding, according to the European Commission’s bilateral financial allocations for partner countries for 2022-2024.

“These funds are being withheld or reallocated from Georgia in reaction to backsliding on democratic standards, in particular following the adoption of the Law on Transparency of Foreign Influence targeting Georgian civil society and media”, - says European Commission.

The withheld and reallocated funds are distributed by year as follows: EUR 12 million in 2022, EUR 72 million in 2023, and EUR 37.3 million in 2024, totaling EUR 121.3 million over 3 years.

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