Georgian Prime Minister’s Meeting with EBRD President Print Version

2017-09-06

2  3

25 years of cooperation between Georgia and EBRD, the country's ongoing project supported by the European Bank for Reconstruction and Development, and the four-point reform agenda of the Georgian Government were the key topics discussed at today's meeting between Prime Minister Giorgi Kvirikashvili and EBRD President Suma Chakrabarti. The EBRD President, as part of his third visit to Georgia, was hosted today by the Prime Minister at the Administration of the Government.

The Head of Government thanked the European Bank for Reconstruction and Development for its invaluable support, thanks to which more than 200 projects have been implemented and about 3 billion euro has been invested in the country.

The conversation during the meeting also involved the EBRD policy on Georgia, which, according to the parties, focuses on supporting the Government's four-point reform agenda seeking to ensure economic growth, the country's spatial planning, and reform the system of education and governance. Special attention was paid to Georgia's achievements in the implementation of institutional and structural reforms and its leading positions in various international ratings.

The Prime Minister of Georgia spoke of the country's pension and capital market reforms, emphasizing that the pension reform will launch in the third quarter of 2018. At this point, necessary legislative amendments and relevant institutional and technical infrastructure are being prepared.

Giorgi Kvirikashvili praises the issuance of GEL-denominated bonds by EBRD in international markets, which will support economic growth, the development of Georgia's stock market, and will attract investments.

The parties also focused on the work of the Investors Council, a platform created with EBRD support, which incorporates active engagement from the private sector and seeks to discuss important issues concerning this sector. The council's meeting today, to be chaired by Prime Minister Giorgi Kvirikashvili, will be attended by the EBRD President.

Prime Minister's Press Office