On November 19 Prime Minister of Georgia Mamuka Bakhtadze held a news conference and announced government plans for writing off debts of approximately 600 000 citizens of Georgia they owe to fund institutions. Bakhtadze made the statement before the government meeting,.
“We have conducted for a while negotiations with both banking and nonbank companies and they shared our positions therefore we are situated in agreement. I’d like to express gratitude to Cartu foundation.
The principal amount of 95% in the debts while in the so-called Black List won’t exceed 2000 GEL. Amount of them debts is around 1.5 billion GEL. Each one of these debts might be zeroed. This category includes 1000s of socially vulnerable citizens. Writing off begins on December 15 and end on December 31. 600 000 citizens will come across 2012 without debts”, the best Minister said.