Georgia and China to develop co-financing mechanisms for investment projects
Baku, Azerbaijan, September 24
By Tamilla Mammadova – Trend:
Georgia and China agreed to develop mechanisms for joint financing of investment projects, Trend reports citing Georgia’s JSC Partnership Fund (PF).
A delegation from Sinosure, China's largest state export credit insurance corporation, visited Georgia’s JSC Partnership Fund.
During the visit, members of the Sinosure delegation met with the management of the Fund and discussed the transition to a new stage of cooperation within the framework of the Memorandum of Understanding signed between Tbilisi and Beijing with the aim of trade, economic and investment relations between Georgia and China.
The Georgian side expressed readiness to support the attraction of Chinese investments into Georgia. The Partnership Fund and Sinosure will coordinate and support Georgian and Chinese projects, and will work together as part of the One Belt-One Road initiative.
Georgi Danelia, Deputy Executive Director of the Partnership Fund, informed the Sinosure delegation about Georgia’s investment environment, macroeconomic indicators, favorable business climate and ratings, according to which Georgia holds a leading position in the international market.
Sinosure representatives expressed their readiness to support the growth of exports of wine, mineral waters and other products from Georgia, as well as to cooperate in such areas as high technology, minerals, agriculture, construction, energy transport and trade.
The world's largest state-owned corporation, Sinosure, insures China's foreign trade and investment. A memorandum of cooperation between the JSC Partnership Fund and Sinosure was signed in Beijing in 2017.
The memorandum provides for the development of mechanisms for joint financing of various investment projects, including the exchange of information and experience.