Prime Minister thanks the EBRD for supporting the path selected by the Government of Georgia Print Version

2017-09-07

Prime Minister of Georgia Giorgi Kvirikashvili thanked President of the European Bank for Development and Reconstruction Suma Chakrabarti and the team of the European Bank for supporting the development of Georgia and the path selected by the Government of Georgia. During today's Government meeting, the Prime Minister commented on the visit of the President of the EBRD to Georgia.

According to Giorgi Kvirikashvili, the EBRD is one of the most important partners to Georgia. According to him, in 2016 only, the Bank implemented 17 projects and invested 250 million Euro, which, according to the bank's president himself, is record-breaking and unprecedented statistics for the EBRD.

"Of utmost importance is the bank's support for the development of such Georgian industries as energy and municipal infrastructure and development of SMEs. Equally noteworthy are specific programmes designed to approximate Georgia to Europe by developing Georgia's export potential to foster utilization of the opportunity provided by the DCFTA signed with the EU, etc. It is important that the EBRD supports our economic policy - their strategy, which is in full compliance with the four-point reform agenda is a clear indication of the said fact. It is crucial to us. Furthermore, President Chakrabarti made statements concerning the prognoses of economic growth of Georgia and confirmed that our country will exceed the rates forecasted by the EBRD. The messages concerning the positions of Georgia in the international rankings that have been sufficiently improving throughout the last years are also very important, particularly, since they were made by an authority that is closely listened to by the investment community. Hence, we would like to thank the President of the EBRD for his visit to Georgia, the whole team and local office of the EBRD for providing substantial support to the development of Georgia," - Giorgi Kvirikashvili stated.

Prime Minister's Press Office