EBRD delegation to meet officials, businesses, civil society in Georgia visit
The EBRD has contributed more than €5 billion to 286 projects in Georgia, with its private sector financing making up 82 percent of the total. Photo: EBRD
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Representatives of the Board of Directors of the European Bank for Reconstruction and Development will hold meetings with Georgian officials, entrepreneurs and civil society during their official visit to capital Tbilisi this week, the EBRD announced on Monday.
The announcement said the delegation, led by the Bank’s Regional Director for the Caucasus, Catarina Bjorlin Hansen, would visit projects the Bank has funded in the country.
It also said the EBRD representatives would receive “direct access” to information about current events in the economies where the institution conducts business.
The Bank's most recent involvement in Georgia was approved in December 2021 and aims to increase the “improve the productivity and resilience of the economy”. It also said it was aiming to “promote equal opportunities through better inclusion and balanced territorial development” and “accelerate the green transition through increased investment and better governance” in the country.
The EBRD has contributed more than €5 billion to 286 projects in Georgia, with its private sector financing making up 82 percent of the total.
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.
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 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.
Georgia and the Reconstruction Credit Institute of Germany on Wednesday signed an agreement on financing the Open Energy Efficiency Programme in Georgian Public Buildings, aiming to rehabilitate and improve energy efficiency in public schools of the country.
The European Bank for Reconstruction and Development (EBRD) increasingly trusts the government of Georgia and its economic policy, says new Managing Director for Eastern Europe and the Caucasus Matteo Patrone.
Georgian Prime Minister Irakli Garibashvili and the members of the board of directors of the European Bank for Reconstruction and Development on Thursday discussed the successful cooperation and important ongoing projects in private and public sectors implemented with the support of the Bank.
Georgian Prime Minister Irakli Garibashvili on Wednesday met Alkis Vryenios Drakinos, the new Regional Director of the European Bank for Reconstruction and Development for the Caucasus, in a discussion of the future cooperation between the country and the institution.
Ongoing and future projects financed by the EBRD in Georgia were discussed on Wednesday in a meeting between the Georgian Prime Minister Irakli Garibashvili and Jürgen Rigterink, the visiting First Vice President of the European Bank for Reconstruction and Development.