World Bank and IFC pledge “full support” for Georgia’s reforms
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The International Finance Corporation (IFC) is pledging to continue supporting the ongoing reforms in Georgia.
Georgia’s Finance Minister Nodar Khaduri received this news in Washington, D.C., where he is currently on an official visit and participating in the International Monetary Fund (IMF) and World Bank Group annual spring meetings. IFC is a member of the World Bank Group.
Today Khaduri met IFC Vice President Dmitris Tsitsiragos. The sides reviewed the ongoing programs that were being financed by IFC in Georgia and discussed future cooperation plans.
IFC expressed its desire to increase its support to develop Georgia’s economic sector. During the meeting IFC’s involvement in Georgia’s energy and financial sector was emphasised, as was its successful cooperation with Georgia.
Tsitsiragos said the implemented and ongoing projects of Georgia were "exemplary”.
While in the US, Khaduri has also held meetings with Vice President of the World Bank Group Kyle Peters and Vice President of the World Bank Group in Europe and Central Asia Laura Tuck.
The representatives of the World Bank Group reaffirmed their "full support” for future cooperation with Georgia and noted that the organisation will continue financing Georgia’s significant reforms and investment projects.
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.
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.
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.
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.
Two of Georgia’s regions are the focus of a development project that will reinvigorate the two regions and grow their tourism potential and local economies.
The International Finance Corporation (IFC) is teaming up with one of the leading banks in Georgia to encourage business growth and job creation in the country.
Georgia is developing affordable green housing and replacing Soviet-era apartments as a way to improve the living standards of Georgian families.
Georgian finance minister Lasha Khutsishvili and Rana Karadsheh, International Finance Corporation’s regional director for Europe, on Tuesday discussed cooperation between the country and the international company, the ministry of finance said.