WB positively assesses economic situation in Georgia
Baku, Azerbaijan, October 17
By Tamilla Mammadova – Trend:
The World Bank (WB) positively assesses economic situation in Georgia, stating that despite difficult situation in the region, the country will continue its economic growth, said World Bank Europe and Central Asia Vice President Cyril Muller, Trend reports citing Georgian media outlets.
He made the remarks at a meeting with Georgian Finance Minister Ivane Machavariani.
During the negotiations, the parties discussed the implementation of investment projects supported by the World Bank in the country, government reforms and issues of future cooperation.
Muller once again emphasized the importance of projects financed by the World Bank in the areas of roads, energy, and agriculture, regional and municipal development.
Machavariani informed Muller about the economic situation in the country, priority directions of the 2020 budget, as well as the importance of raising the sovereign rating of Georgia by Standard & Poor's international rating agency.
Particular attention was also paid to the reforms planned by the Georgian government in the field of human capital development and education, which, according to the World Bank, will contribute to innovation and productivity growth in Georgia.
At the end of the meeting, the parties agreed that Georgia and the World Bank will continue fruitful cooperation in promoting the investment opportunities of Georgia and increasing the competitiveness of the economy.