Georgian finance minister reviews cooperation in US meetings with World Bank, IMF
Khutsishvili noted that despite the challenges, Georgia would continue to implement structural reforms including the state financial and investment management, state enterprise reforms, capital market development and others, the ministry said. Photo: Finance ministry
Tweet 
Share
Georgian finance minister Lasha Khutsishvili has discussed cooperation between Georgia and international financial institutions as part of his ongoing visit to the United States for annual meetings of the International Monetary Fund and the World Bank Group.
Khutsishvili met Anna Bjerde, the World Bank vice president for Europe and Central Asia, and Koen Davidse, the executive director of the bank, during the visit, the ministry of finance said on Wednesday.
The parties reviewed the existing productive and effective cooperation between Georgia and the World Bank", the ministry said.
In the meeting, the sides discussed ongoing and future projects of the World Bank in Georgia, macroeconomic situation of the country in the pandemic and post-pandemic periods, dynamics of economic recovery in the face of the challenges in the Black Sea region, and issues of fiscal policy for the years 2022-2023.
Khutsishvili noted that despite the challenges, Georgia would continue to implement structural reforms including the state financial and investment management, state enterprise reforms, capital market development and others, the ministry said.
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.
Georgian officials met World Bank Group representatives on Thursday to discuss current and future projects, as the sides are marking 30 years of partnership this year, the Ministry of Finance said.
Georgian Prime Minister Irakli Garibashvili on Wednesday met Jihad Azour, the Director of the Middle East and Central Asia Department of the International Monetary Fund, to review the Fund’s new three-year, $280 million Stand-by Arrangement that aims to “further strengthen” microeconomic stability in Georgia.
The International Monetary Fund has approved a three-year $280 million Stand-By Arrangement for Georgia aimed at financial resilience and growth, the institution announced on Wednesday.
Current and future projects funded in Georgia by the European Bank for Reconstruction and Development were discussed on Thursday in a meeting between the Georgian finance minister Lasha Khutsishvili and Jurgen Rigterink, the first vice president of EBRD.
Lasha Khutsishvili, the Georgian finance minister and Koba Gvenetadze, the head of the country’s National Bank, within the framework of the visit to the United States, held meetings with the executive director of the International Monetary Fund Paul Hilbers, the director of the Middle East and Central Asia department of IMF, Jihad Azour, and the director of the IMF fiscal affairs department, Vítor Gaspar.
Activities of the International Monetary Fund in Georgia were discussed on Friday in a meeting between Georgian prime minister Irakli Garibashvili and James John, the head of the IMF mission in the country.