Georgian Finance Minister holds meetings at 2022 World Bank Group, International Monetary Fund forum
The Minister also informed the Vice President about the recently signed agreement between Georgia and the World Bank, which provides for the allocation of $400 million in financial resources for a human capital programme in the country.Photo: Finance Ministry.
Tweet 
Share
Lasha Khutsishvili, the Finance Minister of Georgia, has met representatives of international financial companies and corporations at the ongoing Spring Meetings forum of the World Bank Group and International Monetary Fund in Washington.
As part of the official agenda, Khutsishvili met Alicia Phillips Mandaville, the Vice President of the Millennium Challenge Corporation, on Friday, and thanked her for the “strong support” from the United States Government and the Corporation for reforming various sectors of the Georgian financial system, the Georgian Finance Ministry said.
The Minister also informed the Vice President about the recently signed agreement between Georgia and the World Bank, which provides for the allocation of $400 million in financial resources for a human capital programme in the country.
Khutsishviliu also met with Neils Annent, the Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development of Germany, to discuss the support provided by the German side to Georgia during the Covid-19 pandemic, the total volume of which in 2020-2021 amounted to approximately €203.8 million.
Photo: Finance Ministry.
In addition to reviewing the financial support, the sides also mentioned the cooperation between the two countries in deepening Georgia's integration with the European Union.
The 2022 Spring Meetings of the World Bank Group and the International Monetary Fund, as well as related ancillary events, are taking place between April 18-24. The Spring Meetings are comprised of events of the joint World Bank-IMF Development Committee and the IMF's International Monetary and Financial Committee.
An agreement on the construction of a 17-km, four-lane, access-controlled highway in eastern Georgia’s winemaking region of Kakheti was signed between the Georgian Finance Minister Lasha Khutsishvili and the World Bank Regional Director for the South Caucasus, Sebastian Molineus, earlier today.
Lasha Khutsishvili, the Georgian Finance Minister, and Sebastian Molineus, the World Bank Regional Director for the South Caucasus, signed a €358,500 million agreement for the Human Capital Programme for Georgia on Wednesday.
World Bank will allocate $400 million for the Human Capital Programme for Georgia, calling it “the largest cross-sectorial investment” for the country over 30 years of partnership.
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.
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.