IFC to Expand Activities in Georgia

The International Financial Corporation (IFC) is interested in expanding its activities in Georgia, Tomasz Telma, IFC Europe and Central Asia Director, announced in a meeting with Georgian Prime Minister Giorgi Kvirikashvili in Tbilisi last week.

Telma emphasized the possibility of cooperation in the economy, energy, infrastructure and financial spheres, noting the large investment potential Georgia has, well reflected in the Doing Business report produced by the World Bank.

PM Kvirikashvili in turn introduced the governmental reform plans aimed at economic growth, macro-economic stability and business stimulation, and stressed the importance of IFC involvement in such public private partnership (PPP) both through their investment and technical consultancy activities.

Telma also told press representatives of the IFC’s interest in developing the Georgian agricultural sector, in partnership with the World Bank, particularly in terms of improving product exportability. He also said they are investing more in the hospitality sector, as a business with clear prospects for growth, the healthcare sphere and in making Georgia more energy self-sufficient.

A member of the World Bank Group, IFC is one of the largest International financial institutions, assisting private sector development in Georgia for the last twenty years through investment and consultancy services.

Please see IFC-related articles on georgiatoday.ge (Search IFC).

Nino Gugunishvili