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Georgia to encourage private sector to stake in Azerbaijan-EU green corridor

Economy Materials 2 May 2024 10:10 (UTC +04:00)
Georgia to encourage private sector to stake in Azerbaijan-EU green corridor
Laman Zeynalova
Laman Zeynalova
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TBILISI, Georgia, May 2. Georgia will attract the private sector to implement the Azerbaijan-EU green corridor, Chair of the Board of Governors and Governor for Georgia, ADB (Asian Development Bank), Minister of Finance of Georgia Lasha Khutsishvili said, Trend reports.

He made the remark at a panel discussion on the topic "Enhancing Connectivity: European Connectivity (Renewable Energy and Digital Connectivity) Middle Corridor (Reshaping Euro-Asia Connectivity)" within the framework of the ADB annual meeting in Tbilisi.

"When it comes to the techno-economic rationale, over the next few months, we're hoping to see some results. Within the project, we're collaborating with our partner countries in the region. We'll be working towards attracting financing from the private sector," the minister said.

According to him, it's essential to harness the potential of all countries in the region in the field of renewable energy sources.

The theme of the 57th annual meeting, scheduled for May 2 to 5, is "Bridge to the Future".

The first session of the Board of Governors will take place on May 4. The opening will mark the official start of the annual meeting. This event is attended by distinguished guests from the host country. Statements will be made by ADB President Masatsugu Asakawa and the Minister of Finance of Georgia, Chairman of the ADB Board of Governors, Lasha Khutsishvili.

The annual meeting provides ADB governors with the opportunity to discuss development issues and challenges facing the Asia-Pacific region. Several thousand participants regularly attend the meeting, including finance ministers, central bank governors, high-ranking government officials, representatives of the private sector, international organizations, civil society organizations, youth, academia, and the media.

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