The EBRD outlined the prospects of its work in Georgia for the next five years

2021/12/02-1639811972.jpg
Read: 3812     13:00     18 Декабрь 2021    

The European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Georgia for 2022-2027, consisting of three points. This is stated in a statement on the bank's website.

* Improving the competitiveness of Georgian companies

The EBRD intends to increase the productivity and sustainability of small and medium-sized enterprises (SMEs) by expanding their access to finance, for example, through investments in digitalization.

* Promoting integration and regional development

The EBRD speaks about the need to create jobs, including in the regions of Georgia, to develop skills among young people, women and other marginalized groups.

This item also suggests improving access to finance and basic municipal services for residents of the regions.

* Support Georgia's transition to a green economy

The EBRD will support initiatives to reduce greenhouse gas emissions and increase the use of renewable energy sources in Georgia. The Bank is also interested in reforming state-owned enterprises, including improving their energy efficiency, and expanding the structure of "Green Cities".

Georgia is one of the largest recipients of EBRD investments. In total, the bank invested more than 4.53 billion euros in 269 projects in the financial, corporate, infrastructure and energy sectors of Georgia, with 78% of these investments in the private sector.

The EBRD plays an important role in the economic recovery of Georgia. In 2020, the Bank invested a total of 630 million euros in 16 projects in Georgia, which is twice the amount invested in 2019. The Bank has provided extraordinary liquidity and working capital to support viable private sector companies.

newsgeorgia.ge





Tags:



The EBRD outlined the prospects of its work in Georgia for the next five years

2021/12/02-1639811972.jpg
Read: 3813     13:00     18 Декабрь 2021    

The European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Georgia for 2022-2027, consisting of three points. This is stated in a statement on the bank's website.

* Improving the competitiveness of Georgian companies

The EBRD intends to increase the productivity and sustainability of small and medium-sized enterprises (SMEs) by expanding their access to finance, for example, through investments in digitalization.

* Promoting integration and regional development

The EBRD speaks about the need to create jobs, including in the regions of Georgia, to develop skills among young people, women and other marginalized groups.

This item also suggests improving access to finance and basic municipal services for residents of the regions.

* Support Georgia's transition to a green economy

The EBRD will support initiatives to reduce greenhouse gas emissions and increase the use of renewable energy sources in Georgia. The Bank is also interested in reforming state-owned enterprises, including improving their energy efficiency, and expanding the structure of "Green Cities".

Georgia is one of the largest recipients of EBRD investments. In total, the bank invested more than 4.53 billion euros in 269 projects in the financial, corporate, infrastructure and energy sectors of Georgia, with 78% of these investments in the private sector.

The EBRD plays an important role in the economic recovery of Georgia. In 2020, the Bank invested a total of 630 million euros in 16 projects in Georgia, which is twice the amount invested in 2019. The Bank has provided extraordinary liquidity and working capital to support viable private sector companies.

newsgeorgia.ge





Tags: