The French Credit Agricole Bank and the Georgian Tao-Bank will implement a pilot project for financing the agricultural sphere of Georgia.

The relevant agreement has been reached during the visit of representatives of Credit Agricole to Georgia, the Black Sea Press reports.

One of the main directions of the project will be the allocation of short-term and long-term credits to the farmers. Chairman of Tao-Bank Board Kakha Ugulava noted that the project will “directly influence the development of Georgia’s agriculture and the growth of competitiveness of its production.”