EBRD president visits Georgia
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President of the European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti has visited Georgia for two days.
The EBRD official was met by Georgia’s Minister of Finance, first Deputy Prime Minister Dimitri Kumsishvili at the Tbilisi Shota Rustaveli International Airport.
Chakrabarti is scheduled to meet with the Georgian government representatives and participate in a meeting of the Council of Investors.
- The Council of Investors is an independent consult agency at the Prime Minister’s office, which facilitates dialogue between private entrepreneurs, international organizations, donors and the government of Georgia.
The dialogue aims to create an attractive, transparent and fair business environment in the country.
EBRD supports the Council activities and confirmed the support through signing a memorandum.
- EBRD is one of the key financiers of investment projects in Georgia and its contribution to the Georgian economy grows from year to year.
- The Bank has already allocated €3 billion for Georgia and 91 percent of the money is for the development of the private sector.
- Only last year the Bank carried out the investment worth $250million for Georgia.
Sir Suma Chakrabarti, born in 1959 in West Bengal, India, is the sixth President of the EBRD.
The EBRD's Board of Governors re-elected Sir Suma as President of the Bank for a second four-year term in 2016. He began his first term in 2012, having replaced Thomas Mirow.
Georgia’s economy will experience 3.9 percent growth in 2017, forecasts the European Bank for Reconstruction and Development (EBRD).
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing financial services to Georgia to support the development of small and medium-sized enterprises (SMEs) in the country.
The European Bank for Reconstruction and Development (EBRD) plans to invest €300 million in Georgia this year.
The President of the European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti said "the Georgian economy is developing even faster than we expected”.
Georgian Prime Minister Giorgi Kvirikashvili has hosted President of the European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti at the Government Administration in Tbilisi today.
Georgia’s positions in all international rankings have advanced in the past five years and is a front-runner among the countries we work with, says President of the European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti.
“Georgia: Leader of Europe’s second wave”
Georgia is heading in the right direction thanks to its growing economy and increasing political stability believes the European Bank for Reconstruction and Development (EBRD) Director for the Caucasus, Moldova and Belarus, Bruno Balvanera.
Georgia’s Finance Minister Mamuka Bakhtadze is paying a working visit to the United Kingdom of Great Britain and Northern Ireland where he is holding official meetings.