The consultation visit of the Board of Directors of the European Bank for Reconstruction and Development (EBRD) has begun in Georgia.
Within the framework of the visit, high-ranking guests met with the Minister of Finance Ivane Matchavariani, who is the governor of the European Bank for Reconstruction and Development from the side of Georgia. The meeting was also attended by Regional Director of European Bank for Reconstruction and Development, Bruno Balvanera.
As it was mentioned, the first visit of the Managing Directors of the European Bank for Reconstruction and Development to Georgia is another confirmation of the country's institutional development from the side of the bank.
The aim of the visit is to get familiar with the projects implemented in Georgia by EBRD’s financing, also the future projects and currently ongoing reforms in Georgia, in such fields as: promotion of private investment, the modernization of energy sector, development of municipal infrastructure, solid waste management, and promotion of Georgia's regional and global integration.
At the meeting, the Minister of Finance emphasized the importance of the support provided by the European Bank for Reconstruction and Development (EBRD) to Georgia as in the direction of deepening relations with Europe as well as attracting investments.
He expressed his hope that by the Bank's new strategies certain directions will contribute to the growth of private sector competitiveness in the country, development of capital market, ensuring the access to finance, support of energy efficient policies and more.
Georgia joined the European Bank for Reconstruction and Development in 1992. From this period the bank's investments in the economy of Georgian amounted to about € 3.0 billion.