IFC invests $3 million in Georgian insurance company
Georgia, Tbilisi, June 13 / Ttrend N. Kirtskhalia /
The International Finance Corporation (IFC) invests $3 million in the health insurance and service company "Archimedes Health Development". The agreement was signed in Tbilisi on Monday.
Minister of Health, Labour and Social Protection Andria Urushadze, the president of the Georgian National Bank Giorgi Kadagidze and the representative of "Archimedes" company Nikoloz Ramishvili attended the event.
Urushadze said that the IFC invests in the insurance industry of Georgia and Kazakhstan to ensure the availability of insurance services.
"It is important that investments are made in this area," he said. "We welcome the inflow of investments that will promote the health care."
The representative of "Archimedes" company stressed that this is the IFC first direct investment in the sphere of health insurance.
"This investments are a very important step, especially for such a country as Georgia," he said. "It has great potential in providing high quality insurance."