BAKU, Azerbaijan, August 14
By Tamilla Mammadova – Trend:
Georgian Prime Minister Giorgi Gakharia and CEO of the US International Development Finance Corporation (DFC) Adam Boehler discussed the possibility of opening DFC regional office in Georgia, which could cover the countries of Eastern Europe, South Caucasus, and Central Asia, Trend reports referring to the government administration.
The parties also considered current and future projects in Georgia and the role of DFC in promoting the development of the private sector in Georgia.
"This is yet another clear demonstration of the high level of cooperation with the US, a strategic partner of the country, not only in terms of democratization and security but also in terms of the economy,” said Gakharia.
He also spoke about the importance of foreign direct investment in the country especially during the pandemic. He expressed gratitude to the corporation for supporting and funding projects such as Georgia's maritime and port infrastructure including the PACE Terminal in Poti Port as well as projects in finances, energy, communications, healthcare and tourism sectors.
In turn, Boehler noted Georgia's impressive achievements in the fight against the pandemic and praised both the decisions made by the country's authorities and the efforts of the citizens of Georgia.
The parties also noted the importance of strengthening private investment funds in the region.
The US Overseas Private Investment Corporation (OPIC) was transformed into the US International Development Finance Corporation in January 2020.
DFC invests in sectors such as energy, healthcare, critical infrastructure, and technology. It also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets.
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