Georgian Prime Minister, World Bank Executive Director discuss “fruitful cooperation”
Irakli Kobakhidze, the Prime Minister of Georgia, on Thursday discussed “fruitful cooperation” with the World Bank over the past three decades with Eugene Rhuggenaath, the Executive Director of the global body. Photo: Gov't Administration
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Irakli Kobakhidze, the Prime Minister of Georgia, on Thursday discussed “fruitful cooperation” with the World Bank over the past three decades with Eugene Rhuggenaath, the Executive Director of the global body.
The sides highlighted the “important role” played by the Bank's support in the process of economic growth and development of the country, the Government press office said.
The discussion noted a “number of important projects” were being implemented with the financing of the World Bank in Georgia’s road infrastructure, energy, education and agriculture, as well as for regional, municipal and technological development, with the total cost exceeding $4 billion.
In their meeting, the parties emphasised the Bank's current portfolio in Georgia included 15 projects with the total investment value of $1.5 billion.
The PM expressed gratitude to Rhuggenaath for the Bank's support of initiatives for “reforming structural and human capital” in the country, and noting “maintaining macroeconomic stability” was a “priority” for his Government.
Shomik Mehndiratta, the World Bank’s Practice Manager for Transport in Europe and Central Asia, on Tuesday said the Middle Corridor, a logistics route connecting Central Asia and China to Europe via the South Caucasus, had potential to create jobs for people in the South Caucasus region and Kazakhstan.
Georgian Economy Minister Levan Davitashvili on Wednesday discussed priority areas of cooperation with the World Bank during a meeting with Antonella Bassani, the Vice President of the Europe and Central Asia Region at the Bank.
Georgian Finance Minister Lasha Khutsishvili on Tuesday reviewed ongoing projects and future cooperation during a meeting with Antonella Bassani, the Vice President of the Europe and Central Asia Region at the World Bank.
The World Bank’s Board of Executive Directors approved two new projects for Georgia to contribute to a “greener and more resilient” development of Georgia, the Bank announced on Friday.