Georgian PM discusses cooperation with EBRD president
Georgian prime minister Irakli Garibashvili on Wednesday discussed “successful cooperation” and future prospects between the European Bank for Reconstruction and Development and the country’s authorities with Odile Renaud-Basso, the president of the institution. Photo: PM's press office
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Georgian prime minister Irakli Garibashvili on Wednesday discussed “successful cooperation” and future prospects between the European Bank for Reconstruction and Development and the country’s authorities with Odile Renaud-Basso, the president of the institution.
The government administration cited Garibashvili as noting in the online call the EBRD was not only a “loyal partner” of Georgia but had "greatly contributed" in the democratic development of the country.
The sides discussed “specific directions” of sectoral cooperation, including energy security and energy independence of Georgia and projects of regional importance and aimed at increasing power generation through exclusive green or renewable sources.
Photo: PM's press office
Black Sea connectivity, infrastructure projects, economic and structural reforms, the strengthened role of the domestic private sector, human capital and other subjects were also covered. Garibashvili said he hoped to see the existing “fruitful cooperation" between the sides continue.
The EBRD has so far invested over €4.9 billion through 270 projects in Georgia.
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.
Odile Renaud-Basso, the president of the European Bank for Reconstruction and Development, on Thursday pledged the institution’s “continued support” for Georgia's economic advancement in the wake of the bank’s investment of €4.9 billion in 270 projects in the country, the Georgian ministry of economy said.
The European Bank for Reconstruction and Development will finance the largest healthcare provider in the country - Georgia Healthcare Group - with $40 million, of which $15 million will be allocated to JSC Evex Hospitals, the EBRD announced on Wednesday.
Georgia’s readiness to implement reforms in the fields of energy security and independence, as well as the country’s infrastructure and the capital market were highlighted during a meeting between the Georgian Finance Minister Lasha Khutsishvili and Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development, the Ministry announced on Thursday.
The European Bank for Reconstruction and Development has allocated a sovereign loan of €50.6 million, including an investment grant of about €5 million, from its Green Climate Fund to finance the renovation of up to 12 metro stations in the Georgian capital city of Tbilisi, the Bank announced on Tuesday.
Sectoral cooperation between the Georgian Government and the European Bank for Reconstruction and Development in areas including infrastructure was discussed on Tuesday in a meeting between officials from the country and Mark Bowman, the EBRD Vice President for Policy and Partnerships.
An annual report by the European Bank for Reconstruction and Development on Monday said the institution had offered a total of €218 million to Georgia in 2022, with investments ranging from healthcare to energy efficiency and from financing for small and medium-sized enterprises to credit lines to local banks and trade.
The European Bank for Reconstruction and Development will assign a $16 million loan, backed by the European Union and Sweden, to Georgia’s Credo Bank to support local micro, small and medium-sized companies and women-led firms in the country, the Bank announced on Tuesday.
Georgian Prime Minister Irakli Garibashvili and Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development, on Saturday reviewed the current and future projects, financed by the Bank, including the ones in the fields of transport and municipal infrastructure, as well as education, energy, banking sector, and agriculture.