Economy Minister discusses cooperation, current, future projects with International Finance Corporation
The sides highlighted support of the corporation in increasing the competitiveness of the Georgian private sector and stimulating exports. They also discussed other sectors of the economy, including tourism, where the corporation is implementing projects. Photo: Georgian Economy Ministry.
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Georgia's cooperation with the International Finance Corporation, the ongoing and future financial projects and their impact on the country's economic development were discussed on Tuesday in a meeting between Levan Davitashvili, the Georgian Economy Minister, and Ivana Fernandes Duarte, the Regional Director of IFC.
The meeting focused on the financial support of the IFC for the development of sustainable energy in Georgia and the implementation of green energy projects - a “priority” of the Government with its implications for economic development and energy security, the Economy Ministry said.
The sides highlighted support of the corporation in increasing the competitiveness of the Georgian private sector and stimulating exports. They also discussed other sectors of the economy, including tourism, where the corporation is implementing projects.
Georgia will have new, fiscally sustainable mechanisms to improve the support framework for energy projects, which will help to ensure energy independence, Economy Minister Levan Davitashvili said on Friday at a plenary session of the Georgian Parliament.
Bilateral trade relations between Georgia and Japan and the two countries’ cooperation in the fields of energy, telecommunications, transport and more were discussed by the Georgian Economy Minister Levan Davitashvili and Japanese Deputy Foreign Minister Honda Taro on Wednesday.
Georgia and the Czech Republic have signed an agreement on priority directions in trade and economic relations between the two countries, the Georgian Economy Ministry announced on Monday.
Ongoing reforms and future plans for the development of the Georgian economy, as well as the Government’s economic policy were in focus of a meeting between the Georgian Economy Minister Levan Davitashvili and members of the American Chamber of Commerce, the Ministry said on Friday.