Georgian Finance Minister, EBRD President discuss reform agenda
Khutsishvili briefed Renaud-Basso on macroeconomic parameters of the country and discussed the effects of the global pandemic and economic recovery trends. He also thanked the President and her team for their “strong and fruitful cooperation.”Photo: Georgian Finance Ministry
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Georgia’s readiness to implement reforms in the fields of energy security and independence, as well as the country’s infrastructure and the capital market were highlighted during a meeting between the Georgian Finance Minister Lasha Khutsishvili and Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development, the Ministry announced on Thursday.
The sides acknowledged the partnership between Georgia and the EBRD and the projects supported by the Bank in the country, pointing out the role of the institution in the process of Georgia’s European integration.
My first meeting in Washington was with @Lasha_Kh,
— Odile Renaud-Basso (@OdileRenaud) April 21, 2022
Minister of Finance for Georgia ????????. We talked about supporting energy security and development of renewables; how @EBRD can help to encourage the growth of small businesses; and assisting with reforms of State Owned Enterprises. pic.twitter.com/Mjk94zzG6X
Khutsishvili briefed Renaud-Basso on macroeconomic parameters of the country and discussed the effects of the global pandemic and economic recovery trends. He also thanked the President and her team for their “strong and fruitful cooperation.”
Currently, the portfolio of EBRD in the country amounts to over €4.6 billion, of which 79 percent is invested in the private sector, the Ministry said.
The current macroeconomic and fiscal parameters of Georgia were discussed at a meeting between Lasha Khutsishvili, the Georgian Finance Minister, and International Monetary Fund high officials, the state body announced on Thursday.
Georgian Finance Minister Lasha Khutsishvili said on Wednesday Georgia had “strong support” from the international financial organisations, which was reaffirmed during his visit to Washington.
Current macroeconomic parameters of Georgia, the impact of the global pandemic on the country, and trends of economic recovery were discussed by Lasha Khutsishvili, the Georgian Finance Minister, and World Bank officials on Wednesday.
Questions of cooperation between the International Finance Corporation and Georgia, and the IFC’s decision to increase its portfolio for Georgia in support of the private sector in the country were discussed during a meeting between Lasha Khutsishvili, the Georgian Finance Minister, and Damien Shiels, the Acting Regional Director of the IFC on Wednesday.
The current and future cooperation were discussed between the Georgian Finance Minister Lasha Khutsishvili and Ben Dickinson, the Head of the Global Relations and Development Division of the Organisation for Economic Co-operation and Development’s Centre for Tax Policy and Administration, on Thursday.
The European Bank for Reconstruction and Development will finance the largest healthcare provider in the country - Georgia Healthcare Group - with $40 million, of which $15 million will be allocated to JSC Evex Hospitals, the EBRD announced on Wednesday.
Georgian prime minister Irakli Garibashvili on Wednesday discussed “successful cooperation” and future prospects between the European Bank for Reconstruction and Development and the country’s authorities with Odile Renaud-Basso, the president of the institution.