Economy Minister: 'USAID Economic Security Programme helps make sectors of Georgian economy attractive to foreign investors'
The five-year programme which was approved last year aims to improve the livelihoods of Georgians by generating investment and increased employment in priority sectors and value chains. Photo: Ministry of Economy.
Tweet 
Share
Georgian Economy Minister Natia Turnava has met the USAID Economic Security Programme steering team earlier today to discuss recent and ongoing projects under the programme as well as projects planned for the future.
After the meeting Turnava said that USAID’s programme helps 'make different sectors of the Georgian economy more attractive to foreign investors'.
She also said that the programme is helping Georgia develop a tourism recovery strategy in the post Covid-19 period.
Turnava mentioned startups and said that thanks to the programme Georgian innovators have the opportunity to present their projects in the US Silicon Valley to potential investors.
The programme also assists the United Airports of Georgia, which merges Tbilisi and Kutaisi airports. Our goal is to turn Kutaisi airport into a tourist attraction and a hub in western Georgia, where tourists will learn about the sights of western part of our country", said Turnava.
The five-year programme which was approved last year aims to improve the livelihoods of Georgians by generating investment and increased employment in priority sectors and value chains.
USAID’s Economic Security Program is designed to scale up economic impact through strategic partnerships and investments while building alliances within and between the private sector, government, and civil society.
The programme aims to facilitate investment and job creation in a number of important ways, including a grant fund to strengthen the ecosystem within particular value chains and a partnership fund to spur investment.
USAID and Enterprise Georgia have launched a two-year partnership to facilitate Foreign Direct Investment (FDI) in Georgia, help the country's private sector recover from the Covid-19 pandemic and build a more innovative economy that creates higher-value jobs for Georgian workers.
The USAID will increase support for manufacturing, e-commerce, information and communications technology (ICT), and other innovative sectors, said Georgian Economy Minister Natia Turnava earlier today after meeting USAID Georgia Mission Director Peter Wiebler.
The USAID Basic Education Program focused on interactive learning kicked off in Georgia today. The program aims to help students develop skills in reading, mathematics, critical thinking and problem-solving, establishing the foundation for lifelong success.
The Georgian parliament has ratified amendments to the USAID Development Assistance Agreements with the government of Georgia which allows USAID/Georgia to move forward with more than $64 million in funding to strengthen Georgia's self-reliance and Euro-Atlantic aspirations, USAID in Georgia reported earlier today.
More than 30 small and medium-sized enterprises (SMEs) in Georgia will benefit from a new three-year programme launched by the United States Agency for International Development (USAID) and Gazelle Finance, a financial company that invests in SMEs in the Eurasia Region, with current focus on Georgia and Armenia.
Some of the brightest and most inspiring women and projects involved in technology and innovation in Georgia were revealed at the Grace Hopper Award ceremony in Tbilisi on Wednesday, with six recipients distinguished at the event.
Georgia’s Black Sea city of Batumi on Saturday hosted a national leg of the Startup World Cup competition involving top startups from across the country, the Georgian Innovation and Technology Agency said.
Georgian Economy Minister Levan Davitashvili and representatives from the United States Agency for International Development discussed the implementation of the 2019-launched Economic Security Programme, the Ministry of Economy announced on Wednesday.