Georgian finance minister, World Bank representatives review cooperation
The World Bank representatives expressed their readiness to further deepen the existing “fruitful cooperation” between the sides, noting the bank would continue to support the ongoing reforms in the country. Photo: MOF of Georgia
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Current and planned projects supported by the World Bank in Georgia were discussed on Tuesday in a meeting between the Georgian finance minister Lasha Khutsishvili and officials of the institution.
Sameh Wahba, the regional director for sustainable development and Christoph Pusch, the practice manager of urban development, disaster risk management and land at the bank were involved in the meeting, the ministry said.
The officials highlighted the importance of the launch of the human capital programme in the country, with Khutsishvili informing the bank representatives about domestic fiscal parameters of the current and next year.
The World Bank representatives expressed their readiness to further deepen the existing “fruitful cooperation” between the sides, noting the bank would continue to support the ongoing reforms in the country.
A human capital programme designed to unlock Georgia’s growth potential through investments in health, education and social protection has been launched in the country, the World Bank announced on Tuesday.
Georgian finance minister Lasha Khutsishvili on Tuesday said the United States was Georgia’s “strategic partner”, adding the quality of cooperation between the sides and its further development was “very important”.
The German Development Bank will allocate €27 million to support reforms in Georgia’s energy sector reform, the Georgian ministry of finance announced on Friday.
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.
Sameh Wahba, the regional director for sustainable development at the World Bank's Europe and Central Asia region, on Wednesday praised the bank’s completed and ongoing projects in Georgia and expressed readiness to further support new programmes.