Georgian Finance Minister talks human capital importance at World Bank forum

Significance of human capital development in Georgia was raised by the country’s Finance Minister Lasha Khutsishvili on Wednesday at an online forum organised by the World Bank. 

In comments at the remote meeting Khutsishvili pointed out the role of the field in the long-term development of the country, and highlighted the need for new and innovative approaches in the area, the Ministry said. 

Reforms implemented by the Government in primary, vocational and higher education systems were also discussed by the official, who noted “significant funds” had been spent on upgrading school infrastructure and modernising universities.

With the focus on attracting additional investment in the healthcare and social care sectors, the Minister discussed the World Bank’s $400 million Human Capital Programme for Georgia, which seeks to increase the efficiency of service delivery in the fields. 

Khutsishvili thanked the institution for its support of Georgia and called the development of human capital in the country “one of the main key preconditions” for sustainable and inclusive economic growth.