Georgia’s Finance Minister in US for IMF, World Bank meetings
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Georgia’s Finance Minister Nodar Khaduri is on an official visit to Washington, D.C. to take part in the International Monetary Fund (IMF) and the World Bank Group annual spring meetings.
Thousands of government officials, representatives of civil society, stakeholders and private sector representatives from all over the world are gathering in the US capital this week, where conversations will range from World Bank safeguards to procurement reform to climate change.
The annual spring meetings, which are being held from April 17-19, will feature seminars, regional briefings, press conferences, and many other events focused on the global economy, international development and the world’s financial markets.
While abroad the Georgian official is scheduled to meet several industry top officials, including European Bank for Reconstruction and Development (EBRD) president Sir Suma Chakrabarti, IMF executive director Menno Snel, IMF director of Middle East and Central Asia Masood Ahmed, executive director of the Board of the World Bank Group Frank Heemskerk, vice president of the World Bank Group in Europe and Central Asia Laura Tuck and vice president of International Finance Corporation Dimitris Tsitsiragos,
Furthermore, negotiations will be held with global ratings companies representatives from Moody’s, S&P and Fitch Ratings, as well as with representatives from J.P Morgan, CitiBank and more.
Minister Khaduri will also meet his Ukrainian and Azerbaijani counterparts while in the US.
His official visit will conclude on April 21.
The International Finance Corporation (IFC) is pledging to continue supporting the ongoing reforms in Georgia.
The World Bank Group has confirmed a $60 million USD loan for Georgia to increase its competitiveness and economic growth, which are two of the most important components of the cooperation strategy between the World Bank and Georgia in 2010-2013.
Georgia has weathered several shocks but the country still faces a number of challenges, says a report published by the International Monetary Fund (IMF).
International Monetary Fund (IMF) official and Georgia’s National Bank President met in Georgia’s capital Tbilisi today to discuss the current situation in the region and the major factors that have influenced the country’s national currency exchange rate.
The Georgian Government and the World Bank have signed two financial agreements on an IBRD (International Bank for Reconstruction and Development) loan of $120 million USD to develop the country’s private sector, raise competitiveness and foster inclusive growth.
Georgia’s developing agricultural sector, growing export trends and reputation as a top tourism destination is having a positive effect on the country’s growing economy, says the country’s Prime Minister.
The number of people living in poverty in Georgia is reducing but the country’s government must do more to tackle major social issues, says a new report released by the World Bank today.
Reducing Georgia’s dependency on the US dollar and maintaining a floating exchange rate are two recommendations offered by the International Monetary Fund to Georgia.
Georgia has teamed up with world leaders to create a joint financial strategy to end global poverty and tackle climate change.