Economy Minister discusses Economic Security Programme implementation with USAID representatives
Georgian Economy Minister Levan Davitashvili and representatives from the United States Agency for International Development discussed the implementation of the 2019-launched Economic Security Programme. Photo: Ministry of Economy
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Georgian Economy Minister Levan Davitashvili and representatives from the United States Agency for International Development discussed the implementation of the 2019-launched Economic Security Programme, the Ministry of Economy announced on Wednesday.
Davitashvili thanked the organisation’s Economic Growth Office Director Marika Olson, Chief of Party for the Georgia Programme Mark McCord and other representatives for their contribution to the development of the country’s economy and help in overcoming challenges created by the Covid pandemic and other global events.
Projected to run to 2024, the USAID Economic Security Programme is promoted as assisting Georgian companies in taking advantage of the country’s market access and location to exploit regional economic opportunities and compete with international counterparts for the domestic market.
The programme intends to create at least 4,800 new jobs, support at least 720 small firms, increase sales of assisted enterprises by $60 million, and leverage $18 million through partnerships.
Koba Gvenetadze, the President of the National Bank of Georgia, took part in the annual Central and Eastern European Forum of Euromoney, a magazine covering global capital markets, between Tuesday and Wednesday in Vienna, the Bank said on Wednesday.
Georgian Economy Minister Natia Turnava has met the USAID Economic Security Programme steering team earlier today to discuss recent and ongoing projects under the programme as well as projects planned for the future.
More than 30 small and medium-sized enterprises (SMEs) in Georgia will benefit from a new three-year programme launched by the United States Agency for International Development (USAID) and Gazelle Finance, a financial company that invests in SMEs in the Eurasia Region, with current focus on Georgia and Armenia.
USAID and Enterprise Georgia have launched a two-year partnership to facilitate Foreign Direct Investment (FDI) in Georgia, help the country's private sector recover from the Covid-19 pandemic and build a more innovative economy that creates higher-value jobs for Georgian workers.
The USAID will increase support for manufacturing, e-commerce, information and communications technology (ICT), and other innovative sectors, said Georgian Economy Minister Natia Turnava earlier today after meeting USAID Georgia Mission Director Peter Wiebler.
Tea Akhvlediani, the Georgian State Minister for Reconciliation and Civic Equality on Friday briefed John Pennell, the Mission Director of the United States Agency for International Development, on the activities and results of the State Minister’s Office in 2022.