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World Bank’s MIGA keen to support Georgia’s further development - regional head (Exclusive)

Georgia Materials 10 March 2022 18:47 (UTC +04:00)
World Bank’s MIGA keen to support Georgia’s further development - regional head (Exclusive)
Maryana Ahmadova
Maryana Ahmadova
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BAKU, Azerbaijan, Mar. 10

By Maryana Akhmedova – Trend:

Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, is keen to support further projects with strong development outcomes in Georgia, Olga Sclovscaia, MIGA Regional Head for Europe and Central Asia, told Trend.

“MIGA can support projects in Georgia through two product lines, investment guarantees and credit enhancement solutions. Foreign investors and lenders could use these products for the implementation of projects across a variety of sectors,” Sclovscaia said.

According to the regional head, the potential sectors of cooperation between MIGA and Georgia are energy, infrastructure, agribusiness, manufacturing, services, and the financial sector.

Meanwhile, currently, MIGA is supporting two projects in Georgia’s energy and financial sectors, with total coverage of $116 million. These projects were executed prior to 2021, Sclovscaia added.

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