The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, will arrive in Tbilisi on Tuesday 12 May for an official visit ahead of the Bank's Annual Meeting and Business Forum 2015 in Georgia. Sir Suma will meet with the President of Georgia, Giorgi Margvelashvili, Prime Minister Irakli Gharibashvili, Minister of Finance and EBRD Governor, Nodar Khaduri, and the Governor of the National Bank of Georgia, Giorgi Kadagidze.
President Chakrabarti and Prime Minister Gharibashvili will sign a Memorandum of Understanding about the establishment of an investors' council. This institution will help to facilitate further improvement of the business environment with the main aim of providing a strong platform for dialogue between the private and public sectors. The council will focus on practical steps to increase and attract domestic and foreign investment.
Sir Suma said: "I am looking forward to visiting Georgia again. This will be my second visit as EBRD President and it will be even more special as Georgia will be hosting the Bank's Annual Meeting on 14 and 15 May. Georgia is an important country in the region and the EBRD is strongly committed to supporting reforms that further enhance its attractiveness to domestic and international investors."
The EBRD is the largest institutional investor in Georgia. Since the beginning of its operations there, the EBRD has invested approximately €2.6 billion in over 178 projects. The Bank focuses on supporting the private sector; investing in energy sector projects as well as infrastructure, logistics, telecommunications and the financial sector to support cross-border economic activities. 2014 was a record year for the EBRD in Georgia, with €215 million of new investments in 13 projects.