Municipal Development Fund of Georgia -

The Municipal Development Fund of Georgia (MDF) was established on 7th of June of 1997, under the State Program for the Development of the Municipal Sector. It is a legal entity of public law. The Fund extended its activities countrywide and has materially benefited to development of the municipal infrastructure in the country by assisting municipalities in preparation and implementation of the investment projects. The objectives of the Fund are as follows: to support strengthening institutional and financial capacity of local government units, investing financial resources in local infrastructure and services, improving on sustainable basis the primary economic and social services for the local population (communities), developing renewable energy (midget power plants and geothermal) sources, creating sustainable economic basis for refugees, rehabilitating drainage systems, provision of low-interest loans to legal entities and physical persons of Georgia in the framework of...