USAID allocates $220,000 grant for supporting financial market development in Georgia
The United States Agency for International Development has allocated a grant of $220,000 for supporting financial market development in Georgia. Photo: Nino Alavidze/agenda.ge
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The United States Agency for International Development has allocated a grant of $220,000 for supporting financial market development in Georgia, the national bank of Georgia announced on Wednesday.
The two-year programme aims to provide necessary financial support for the implementation of activities planned by the Georgian Financial Markets Treasuries Association to promote development of the domestic financial markets.
A developed financial market provides businesses with new opportunities to attract capital", noted Natalia Beruashvili, head of USAID's Economic Governance Programme, while NBG governor Koba Gvenetadze added that "developed financial markets mean more effective distribution of financial resources in productive investments; [it means] faster, stable and sustainable economic growth".
Gvenetadze said he hoped cooperation between the USAID and the Association would create "a good platform" for mutual cooperation between the private and public sectors and make "a positive contribution" to strengthening financial stability in Georgia.
The United States Agency for International Development and Visa are starting a new partnership aiming at supporting the strengthening of Georgian-based small and medium-sized businesses and the digitisation of their activities.
The United States Agency for International Development is launching a five-year programme designed to create jobs and improve livelihoods of people living in over 90 communities along the administrative line separating the Russian-occupied regions from the rest of the country.
Georgia’s Deputy Economy Minister Romeo Mikautadze and Claire Mason, the acting Mission Director of the United States Agency for International Development have signed a memorandum of understanding on cooperation in the energy sector, the Ministry of Economy announced on Friday.
The United States Agency for International Development announced on Friday the signing of a five-year, $21 million programme that facilitates "more effective and accountable" local governance in support of Georgia’s ongoing decentralisation reforms.
Revaz Javelidze, the Head of the Georgian Government Administration on Tuesday opened the 4th session of the inter-agency council for the Sustainable Development Goals, discussing the progress achieved in the implementation of the goals in human capital and social welfare, as well as economic development, good governance and environmental protection.
The involvement of women in economic activities, especially in the field of information technology, is one of the priorities of the Economy Ministry, Irakli Nadareishvili, the Deputy Economy Minister said on Tuesday at the official launch of the new partnership between the United States Agency for International Development and the Business Technology University.
The United States Agency for International Development will work with the southern Georgian municipalities of Bolnisi, Dmanisi and Marneuli in an effort to support improvements to the quality of life and empower local communities, the Agency said on Wednesday.
The United States Agency for International Development will work with the Georgian municipalities of Kutaisi, Tkibuli, Mestia and Lentekhi by supporting improvements to the quality of life and empowerment for local communities, the Agency said on Wednesday.
The prospects of the existing and future cooperation, including in trade and economics, were reviewed on Thursday by Georgian Prime Minister Irakli Garibashvili and Erin McKee, the Assistant Administrator in the Bureau for Europe and Eurasia at USAID.