Tbilisi hosting EBRD Trade Finance Forum
Georgian Economy Minister Giorgi Kobulia opened the forum today. Photo: Ministry of Economy.
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Georgia’s capital of Tbilisi is hosting the 2018 European Bank for Reconstruction and Development (EBRD) Trade Finance Forum and 200 participants from 40 countries.
Georgian Economy Minister Giorgi Kobulia opened the forum today, saying that trade will always be a very significant sector for Georgia.
We are a small economy and the development of the export and export production are the keys for a successful economy. Therefore, the development of and contribution from trade finance mechanisms is of the utmost importance for Georgia”, Kobulia said.
Kobulia emphasised the importance of trade financing in terms of trade sector development and expressed his hope that such high level forums in Tbilisi would be useful for Georgia in general and for local businesses in particular.
Minister of Economy of #Georgia Giorgi Kobulia welcomes 200 guests from 40 countries at @EBRD organised #TFP Annual Forum in #Tbilisi. pic.twitter.com/uva0TkqGUo
— LorettaMartikian (@LoraMartikian) October 18, 2018
The EBRD Trade Financing Program facilitates the development of foreign trade in the member states of the bank. Through the program, the bank provides guarantees for international inspection banks, taking into account the political and commercial risks of payment, which is responsible for the banks of the member countries.
The forum will close tomorrow.
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