By Beka Chedia

November 26, 2021, the CACI Analyst

On August 31, Georgian authorities announced that they declined a loan of 75 million Euros from the EU, since they already had sufficient resources and did not the assistance from the EU. This was preceded by a warning from the European Council President Charles Michel about the potential freezing of macro financial aid unless Georgia makes progress in democratic reforms. The Georgian authorities thus sent a tough political message to Brussels, objecting to Brussel’s interference in the country’s domestic political process. Due to the crisis in relations with the EU, Georgia faces a real danger of losing its European perspective.

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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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