Dutch Development Bank Praises Cooperation with Georgia

The Dutch Development Bank (FMO) has praised its cooperation with Georgia and expressed readiness to assist the Government of Georgia in increasing the share of SMEs in GDP and to support the development of alternative banking and financial institutions in Georgia in order to maximally simplify access to capital.

The information was released by the CEO of the FMO, Peter van Mierlo, during his meeting with the Prime Minister of Georgia, Mamuka Bakhtadze, in Tbilisi on October 22.

During the meeting, special attention was paid to the country's ongoing and planned reforms designed to develop the sector of education and to support SMEs. The importance of FMO's assistance in the successful implementation of these reforms was emphasized.

Georgia's regional role, leading positions in international rankings, and the opportunities the country offers investors, including through FTAs with the EU, the region's countries, and China, was also emphasized at the meeting. As it was noted, Georgia's position as the gateway for different landlocked countries offers the country significant prospects.

The importance of agricultural development, economic diversification and inclusive economic growth was also mentioned by the parties at the meeting.

By Thea Morrison