EBRD official: bank increasingly trusts Georgian gov’t and its economic policy
EBRD officials met with Georgian Prime Minister Mamuka Bakhtadze today. Photo: Gov't of Georgia.
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The European Bank for Reconstruction and Development (EBRD) increasingly trusts the government of Georgia and its economic policy, says new Managing Director for Eastern Europe and the Caucasus Matteo Patrone.
Patrone met with Georgian Prime Minister Mamuka Bakhtadze today where he spoke about projects implemented jointly with EBRD and the role of the bank as Georgia’s strong supporter and donor in the country’s development.
Bakhtadze said that all EBRD-supported projects are a priority for the country's development which promotes Georgia's transformation into a regional hub and economic center.
The meeting also discussed EBRD's interest in investing into public sector innovations.
Patrone was appointed EBRD Managing Director, Eastern Europe and the Caucasus in October, 2018. Based in Kiev, he is responsible for the bank’s operations and engagement in Ukraine, Belarus, Moldova, Armenia, Azerbaijan and Georgia.
The European Bank for Reconstruction and Development (EBRD) is offering €15 million to finance the improvement of the solid waste collection and management system in Georgia’s capital of Tbilisi.
The EBRD and the EU are extending their support to small and medium-sized enterprises (SMEs) in Georgia, Moldova and Ukraine to the total of almost €1.1 billion in credit lines and trade finance and €58.3 million in EU grants.
“Investors are really interested in Georgia”
The European Bank for Reconstruction and Development (EBRD) Director for the Caucasus, Moldova and Belarus, Bruno Balvanera, believes that investors are "really interested” in Georgia.
Georgia is striving to fortify energy security in the country and improve its economy by building the largest hydro power plant in the recent history of independent Georgia - the Nenskra Hydro-Electric Power Plant (HPP).
The European Bank for Reconstruction and Development (EBRD) President Sir Suma Chakrabarti said Georgia is developing in the right direction at today’s meeting with Georgian Prime Minister Mamuka Bakhtadze in Tbilisi.
‘We are in search of new opportunities in Georgia’
The European Bank for Reconstruction and Development (EBRD) is in search of new opportunities to further increase its support in 2019, said the Vice-President of the EBRD Pierre Heilbronn at the 16th Batumi International Conference.
Georgian Prime Minister Giorgi Gakharia has met with the First Vice President of the European Bank for Reconstruction and Development (EBRD) Jürgen Rigterink and noted the key role of the EBRD in the development of Georgia.
The European Bank for Reconstruction and Development (EBRD) is launching a new Green Economy Financing Facility (GEFF) programme in Georgia to develop energy efficiency in the country.
The European Bank for Reconstruction and Development will assign a $16 million loan, backed by the European Union and Sweden, to Georgia’s Credo Bank to support local micro, small and medium-sized companies and women-led firms in the country, the Bank announced on Tuesday.
Representatives of the Board of Directors of the European Bank for Reconstruction and Development will hold meetings with Georgian officials, entrepreneurs and civil society during their official visit to capital Tbilisi this week, the EBRD announced on Monday.