A conference headed by the World Bank and the European Commission has raised over $4.5 Billion in aid which will be used to rebuild Georgia. Initially the money will be used to rebuild the homes of over 65,000 refugees who were forced to flee during the conflict with Russia.
The conference comprised of over 70 international organisations and states, with Moscow not being invited to attend the conference.
The US has pledged $1 billion and the EC has pledged $700 million. EC President Jose Manuel Barrosso welcomed the result of the conference and stressed the need for those in the "European neighbourhood" to help each other in times of need. EU External Relations Commissioner Benito Ferrero-Walder said the amount raised was far more than had been expected and said "Therefore I think it is a day of joy".
The BBC Story
Good to see that a proper donation package has been arranged to help those who need it most. Also glad to see that the Russians weren't invited to conference given that it was their lack of regard for Georgia's territorial sovereignty which caused this mess in the first place.



LinkBack URL
About LinkBacks
Reply With Quote