ECONOMY

Lelo for Georgia offers government to create $3 billion credit guarantee fund

30.04.20 15:20


Lelo for Georgia offers the government to create a $ 3 billion credit guarantee fund.

 

As party leader Mamuka Khazaradze said at a briefing today, the fund is one of the most important parts of the 6 billion anti-crisis model proposed by the party.

 

He said the fund would allow companies not to lose 80% of their employees.

 

According to Khazaradze, if the scheme is implemented in Georgia, the country's economy will double in 4 years and an additional 200,000 jobs will be created.

 

"This idea exists in many countries. Ranging from Japan to our neighbor Turkey, this is not only a solution to a short-term problem, but also a serious stimulus to revive the long-term economy”, Khazaradze said.

 

According to him, the above is the only right way out of the situation in which our economy has fallen. “We are now in a situation of extinguishing the fire, but when the fire is extinguished, we should not be left with a burnt house,” Khazaradze said.

 

 

 

source: IPN

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