PM Bakhtadze Meets EBRD President

Sir Suma Chakrabarti, President of EBRD, praised Georgia, saying it remains a role model for the European Bank for Reconstruction and Development.

Chakrabarti made the statement during the meeting with Mamuka Bakhtadze, Prime Minister of Georgia.

In the opinion of the EBRD President, Georgia is advancing in the right direction and many partners are interested in sharing its experience.

He also expressed his gratitude to the PM of Georgia for facilitating the operation of the Investors Council.

EBRD is one of the largest partners of Georgia in terms of financial cooperation and attraction of investments. Its investments made in the economy of Georgia so far have exceeded 3 billion Euros

The sides noted that last year was a record-high in terms of investments made in Georgia, though the EBRD is keen to further increase the volume. The parties also discussed the opportunity of an Economic Forum of Eastern Partnership Countries to be organized by the EBRD in Georgia.

In addition, discussions related to the significance of inclusive economic growth for the development of small and medium enterprises (SMEs) in the country. According to Bakhtadze, the portfolio of the EBRD is fully tailored to the current challenges of Georgia, especially towards SME support.

The projects funded by EBRD in the energy sector of Georgia were also mentioned. The significance of the right development of the energy sector in the sustainable development and energy security of the country was underlined.

Moreover, the current reforms implemented in the education sector were also discussed by the sides. Chakrabarti assured the Prime Minister of Georgia of the bank's full support of the reform.

By Thea Morrison