The International Monetary Fund (IMF) will provide $750 loan to Georgia in an effort to rebuild its economy after the recent war with Russia.

Georgia’s economy has gravely suffered after the recent war, key infrastructure including roads and ports have been destroyed by the Russian bombing during the war.

The US Secretary of State Condoleeza Rice has already announced a $1bn aid package in financial assistance to Georgia.

Georgia requests $2bn financial aid from the International community. …read the rest of this entry»