Georgian State Fund to Receive Multimillion Credit from China Development Bank
The Chinese Development Bank will provide a $ 20 million loan to the state-owned company "Partner Fund". The relevant announcement was posted on the fund's website.
It is clarified that the loan will be allocated without the provision of state guarantees.
"For the state-owned companies operating in Georgia, this is a precedent," the report reads.
The money will go to the investment portfolio of the fund and subsequently will be used to finance various projects.