PM: There used to be very high interest rate for pensioners. Now we have very positive result

16:30, 16.05.2022

Georgian Prime Minister Irakli Garibashvili Monday stated that “there used to be a very high interest rate for pensioners. In some cases, interest rates reached 100%, but now we have a very positive result in this direction.”

The PM continued: “For years, interest rates for pensioners persisted as a problem. There used to be a very high interest rate for pensioners. Before our Government’s coming to power, interest rates in some cases were as high as 100%. Under our Government, and through our direct efforts, these indicators were reduced repeatedly, though they were still high.”

“A few months ago, I assigned Mister Levan Davitashvili to this issue, and a working group was created. Mister Zurab Azarashvili and Lasha Khutsishvili also became involved. In the same vein, representatives of the relevant parliamentary committee were also engaged. We already have a very positive result,” Irakli Garibashvili stated during today’s Cabinet meeting.

By - Marika Kartozia

Politics

Georgian Prime Minister

high-interest rate

PM Irakli Garibashvili