IFC AND WORLD BANK COMMITTED TO SUPPORT REFORM AGENDA OF GEORGIA



Performance of projects supported by the International Financial Corporation (IFC) in Georgia and future cooperation were among the issues discussed by H.E. Nodar Khaduri, Minister of Finance of Georgia and Mr. Dmitris Tsitsiragos, Vice-President of IFC at a bilateral meeting held in Washington D.C. during the Spring Meetings of 2015.
Parties also touched upon the current economic position of the country and national currency denominated securities issued by IFC in Georgia.
Importance of IFC engagement in energy and financial intermediation was stressed at the meeting. It was mentioned that in both directions IFC has been successfully cooperating with Georgian counterparts. Interest was expressed towards increasing the IFC exposure to the real economy of the country.
As noted by Vice-President of IFC, past and present project initiatives of Georgia serve as a role model for other countries. IFC is currently considering the opportunities of additional project financing for Georgia.
Within the scope of his US trip, Minister of Finance of Georgia has held several other important meetings, including with Mr. Kyle Peters, Senior Vice-President of the World Bank and Ms. Laura Tuck, Vice-President of the World Bank for Europe and Central Asia (ECA). Discussions were related to the role of Georgia as a transit country and measures to be carried out to boost its potential in the referred strategic direction. Status of programs implemented by the World Bank in Georgia and future cooperation were also discussed.
World Bank officials once again assured Georgian authorities in their full support for future cooperation and noted that the IFI will continue to finance the significant reforms and investment projects for the development of the country.

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