Georgia’s President: World Bank projects grow country’s economy
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Georgia’s President Giorgi Margvelashvili is holding meetings with representatives from global financial institutions in Washington D.C, during his official visit to the United States (US).
Yesterday Margvelashvili met World Bank president Jim Yong Kim. The main topic of the meeting was the economic situation in Georgia.
The sides discussed Georgia’s economic potential; they talked about the important projects that Georgia had implemented in the past as well as current and future projects that were made possible using support from the World Bank.
The high officials also discussed the importance of Georgia’s Association Agreement (AA) with the European Union (EU), particularly the Deep and Comprehensive Free Trade Area (DCFTA) and the benefits this will offer Georgia.
Margvelashvili said strategic infrastructural projects that had been implemented using World Bank and other financial institutions’ support had contributed to Georgia’s economic growth.
The President of Georgia Giorgi Margvelashvili has honoured the memory of two Georgian military cadets who tragically died in a car accident in the United States (US) six months ago.
The President of Georgia Giorgi Margvelashvili has begun an official visit to the United Sates (US) by meeting Georgian diaspora living in New York today.
The World Bank is continuing to support Georgia's priority sectors of development, says the Vice President of the World Bank's Europe and Central Asia region, Cyril Muller.
The World Bank Group is continuing to support Georgia’s transformation into a regional transport and logistics hub by offering the country a large financial support package.
Georgia's economic growth is expected to hit three percent in 2016, 4.5 percent in 2017 and five percent in 2018, forecasts the World Bank Group.