The US Secretary of State has confirmed that the development of democratic institutions in Georgia continues, the first vice-speaker of the parliament, Gia Volski, declared. He elaborated on the approval of the US Consolidated Appropriations Act, which envisages financial assistance to Georgia.
According to him, these are the best conditions for US investments in Georgia.
“When it comes to assistance, the United States always considers the situation in the country. The report on the situation in Georgia by the Secretary of State, the issue of the US investment, and thousands of insinuations antedated the approval. However, the Secretary of State confirmed, and probably this stance will not change in the future, that the development of democratic institutions in Georgia is stable and conditions for the large scale US investments are the best,” Gia Volski said.
The President of the United States, Donald Trump, has signed the Consolidated Appropriations Act, which envisages providing financial assistance to Georgia of at least 132,025,000 dollars.
The US Appropriations Committee passed the bill, the Congress approved it, and the President finally signed it.
According to the law, the Secretary of State shall submit a report to the Committees on Appropriations detailing actions taken by the Government of Georgia since January 1, 2020, not later than 90 days after enactment of the Act.
The report should detail the actions taken by the Government of Georgia to strengthen democratic institutions, including through recent elections, combat corruption, and ensure that rule of law in the private sector and the foreign investment climate meet international standards.