Georgian PM, Citibank Vice Chairman discuss strategy for Georgia as regional hub
Georgian Prime Minister Irakli Garibashvili and Jay Collins, Citibank Vice Chairman of Banking, Capital Markets and Advisory. Photo: PM's press office.
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Georgia's investment environment and a strategy for transforming the country into a multifunctional regional hub were the key topics of a meeting on Tuesday between Georgian Prime Minister Irakli Garibashvili and Jay Collins, Citibank Vice Chairman of Banking, Capital Markets and Advisory, the Government Administration said.
Garibashvili said at the meeting his Government had already put together a draft strategy for the plan, and pointed out the banking and financial services industry was one of the leading sectors in the country, with the country's two largest banks present on the London Stock Exchange Premium Listing.
Following the meeting Garibashvili posted on Twitter:
My meetings on the sidelines of the #WEF22 continue in Davos. Talked to @Citi's @JayCollinsSays advantages & ease of doing business in ????????. Soon we will bring tangible deliverables for establishing the regional financial hub in Georgia. pic.twitter.com/cbGOOlk32j
— Irakli Garibashvili (@GharibashviliGe) May 24, 2022
The Government head invited a Citibank delegation to Georgia to familiarise themselves with the country's investment environment.
Citibank is a major American bank with branches in 19 countries, including in the US, Mexico, the United Kingdom, India, Hungary, Poland and Ireland. In 2021, the bank's income reached almost $72 billion.