Georgian PM, EBRD management discuss successful cooperation
The conversation also touched on the ongoing structural reforms in the country and the progress achieved on the path of democratic development. The sides stressed the Georgian Government’s “effective policy” in achieving double-digit growth in the economy over the last two years amid the existing challenges. Photo via Government Administration
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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.
Garibashvili praised the EBRD’s support as “invaluable” for Georgia in terms of financing priority areas of the country. It was emphasised that the Bank had invested about €5 billion in 283 projects in Georgia, with the sides expressing hope that the fruitful cooperation would continue in the future, the Government Administration said.
The conversation also touched on the ongoing structural reforms in the country and the progress achieved on the path of democratic development. The sides stressed the Georgian Government’s “effective policy” in achieving double-digit growth in the economy over the last two years amid the existing challenges.
Positive trends in tourism were also highlighted at the meeting, with the parties reviewing large infrastructural projects aimed to increase the country’s energy security and independence.
The role of support of the European Bank for Reconstruction and Development in Georgia’s European integration was discussed on Thursday in a meeting between the Georgian President Salome Zourabichvili and the members of the board of directors of the Bank.
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 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.
The European Bank for Reconstruction and Development has allocated €19 million for better waste management and disposal in western Georgia’s Black Sea region of Adjara, the Bank said on Monday.
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.
The long-term cooperation was discussed on Wednesday by Natia Turnava, the Acting Governor of the National Bank of Georgia and Francis Malige, the Managing Director of Financial Institutions for the European Bank for Reconstruction and Development, as well as members of the EBRD’s Board of Directors.
Georgian Prime Minister Irakli Garibashvili and Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development, on Wednesday discussed the key directions of successful cooperation and prospects of future collaboration at the meeting held within the scope of the World Economic Forum in Davos.