Financial Times FT.com

Georgia seeks aid to plug investment gap

By Isabel Gorst in Tbilisi

Published: October 4 2008 02:01 | Last updated: October 4 2008 02:01

Georgia will need at least $3bn (£1.7bn, €2.15bn) of international aid in the coming three years to buoy the economy until foreign investor confidence recovers from the shock of the conflict with Russia, according to a report to be published by the World Bank next week.

Much of the necessary assistance has already been pledged, including $1bn from the United States and €500m from the European Union, to be topped up by member countries.

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