TBILISI (1) – Georgia introduced a 3.5 billion lari ($1.1 billion) assist bundle on Friday of which greater than 2 billion lari will go in the direction of shoring up its economy towards the impression of the coronavirus pandemic, Prime Minister Giorgi Gakharia mentioned on Friday.

Presenting the plan to his authorities, Gakharia mentioned the economy was anticipated to contract 4% this 12 months and lose 1.eight billion lari in income. The federal government had projected 4.5% development in 2020.

The plan set out by Gakharia allocates 2.110 billion lari to assist companies and the broader economy, 1.035 billion lari for welfare assist, and 350 million lari for healthcare and medical wants.

The assist measures draw on $Three billion of emergency funding to be supplied by worldwide monetary establishments and donors, which Ghakharia introduced on April 14, which Georgia appealed for to assist it steadiness its finances for this 12 months.

“It turned clear that we lacked 3.9 billion lari to steadiness the finances,” he mentioned.

Georgia earlier this week prolonged state of emergency until Could 22. It features a evening curfew from 9 p.m. until 6 a.m., the closure of eating places, cafes and most retailers, a suspension of public transport and a ban on gatherings of greater than three folks. Grocery shops, pharmacies and petrol stations stay open.

Gakharia mentioned {that a} nationwide ban on motion of personal autos could be lifted from April 27, whereas different restrictions could be eliminated step by step.

The South Caucasus nation of three.7 million has thus far reported 431 confirmed instances of the coronavirus, with 5 deaths.