Finance Minister, World Bank Vice President for Europe, Central Asia review cooperation
Georgian Finance Minister Lasha Khutsishvili met with Antonella Bassani, the Vice President of the Europe and Central Asia Region at the World Bank. Photo: Ministry of Finance
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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 Ministry of Finance said Khutsishvili informed Bassani about the current macroeconomic situation in the country, steps taken by the Government and planned reforms for economic growth and fiscal consolidation in 2021-2023.
The meeting noted work was underway on the preparation of the updated Country Partnership Framework between Georgia and the World Bank, which would contribute to the further development of the country.
Great discussions with @PM_Kobakhidze, Minister of Economy Levan Davitashvili and Minister @Lasha_Khutsish on programs to support #Georgia’s ambitious goals on reforms, regional connectivity and renewable energy. We are committed to helping ???????? work toward EU accession.
— Antonella Bassani (@anbassani) March 5, 2024
The meeting also involved deputy finance ministers Giorgi Kakauridze, Ekaterine Guntsadze and Mirza Gelashvili, as well as Rolande Pryce, the World Bank Regional Director in the South Caucasus and other representatives from the Bank’s delegation.
Otar Shamugia, the Georgian Minister of Agriculture and Environmental Protection, on Monday discussed ongoing projects and cooperation with Rolande Pryce, the World Bank Regional Director in the South Caucasus.
Georgian Deputy Economy Minister Guram Guramishvili on Tuesday said a “growing interest” in the Middle Corridor - a logistics route connecting Central Asia and China to Europe via the South Caucasus - was creating “new opportunities” for expanding the route and attracting more cargo.
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.
The Georgian economy is projected to grow 4.8 percent in 2024 in the January edition of the World Bank’s Global Economic Prospects report, published on Wednesday.
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.