EBRD plans new four-year strategy for Georgia
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The Government of Georgia and the European Bank for Reconstruction and Development (EBRD) are preparing to sign new deals to finance different programs in Georgia that support economic development.
Today Georgia’s Finance Minister Nodar Khaduri met EBRD representatives to discuss and plan the future cooperation.
The press office of Georgia’s Finance Ministry said the sides discussed the EBRD’s new four-year strategy for Georgia, which covered "all priority directions of our country, including encouraging private sector, gaining energy independence and diversification and supporting Georgia’s regional and global integration”.
The Ministry said EBRD would soon finance two programs in Georgia: one that aimed to upgrade the public buses in capital Tbilisi and another that envisaged cooperation in solid waste management.
As of today the EBRD financed a whole range of projects to develop Georgia’s energy sector and municipal infrastructure. The Bank also supported the development of Georgia’s financial markets.
The European Bank for Reconstruction and Development (EBRD) and Tbilisi City Hall will invest €30 million to purchase 150 new buses for Tbilisi.
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The European Bank for Reconstruction and Development (EBRD) says this year will be a "year of historic investment” in Georgia and it will continue its drive to reenergise the economy with investments and policy dialogue.
Dozens of gas-operated buses are being introduced in Georgia’s capital this summer in a bid modernise the city’s public bus fleet and reduce vehicle emissions.
Between 150-200 new energy efficient buses will soon be introduced to the bus fleet in Georgia’s capital Tbilisi thanks to two grants totalling €34 million.
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The European Bank for Reconstruction and Development (EBRD) is delivering very strong support for the Georgian economy as investments hit a record high of €325 million in 2016.