Georgian Finance Minister, World Bank officials discuss cooperation, future plans
The Ministry said the sides expressed hopes towards active continuation of usual cooperation between Georgia and the World Bank. Photo via Finance Ministry
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Bilateral cooperation, current economic stance and post-pandemic progress made by the country towards economic and governance reforms were discussed on Wednesday by Georgian Finance Minister Lasha Khutsishvili and the World Bank’s high officials in Tbilisi.
The meeting highlighted the importance of the World Bank’s support in funding “priority” projects of Georgia and also discussed some future plans, The Ministry of Finance said.
The Ministry said the sides expressed hopes towards active continuation of usual cooperation between Georgia and the World Bank.
The meeting was attended by Asad Alam, Regional Director of the World Bank for Europe and Central Asia in Equitable Growth, Finance and Institutions; Ivailo V. Izvorski, Chief Economist of the World Bank for Europe and Central Asia; Antonio Nucifora, Practice Manager of the World Bank for Macroeconomics, Trade and Investment; Ekaterine Guntsadze, Deputy Minister of Finance of Georgia and Rolande Price, Regional Director of the World Bank for the South Caucasus.
Rolande Pryce, the World Bank Regional Director for the South Caucasus, on Saturday hailed the “exceptional leadership” of the Georgian Government and “strong partnership” with other international financial institutions in the development of the East-West highway.
Steps to be implemented within the Georgia Resilient Agriculture, Irrigation and Land Project were discussed in a meeting between the Georgian Agriculture Minister Otar Shamuagia and Rolande Pryce, the Regional Director of the World Bank in the South Caucasus, in Tbilisi on Monday, the Ministry said.
The World Bank on Wednesday said it had launched Greening Firms in Georgia, a report serving as a “call to action” for policymakers, businesses and stakeholders to prioritise and invest in improving energy efficiency across the country.
Charles J. Cormier, the Regional Director for Infrastructure for Europe and Central Asia at the World Bank, on Tuesday said Georgia had the potential to become a centre not only for trade but also for production of goods.
Natia Turnava, the Acting Governor of the National Bank of Georgia, on Thursday met with domestic analysts to discuss macroeconomic trends and forecasts for the domestic economy.