Minister of Economy and Sustainable Development Natia Turnava met with the USAID/Georgia Mission Director, Peter Wiebler and the USAID Economic Security Program was the main topic of the conversation. Financial assistance to during the post-pandemic period to the different sectors of economy including consumer goods industry, tourism, information technologies, etc., was also the part of the discussion.
The meeting was also attended by the representatives of the USAID Economic Security Program, as well as LEPLs of the Ministry of Economy and Sustainable Development - the National Tourism Agency, the National Agency for State Property and the Enterprise Georgia Agency.
The USAID/Georgia Mission Director, Peter Wiebler informed the Minister about the successful cooperation between the USAID Economic Security Program and agencies under the Ministry in supporting product development, marketing, strategy, and the fight against the new coronavirus. It was highlighted that the efforts by the USAID Economic Security Program aim at economic growth and development in value chains and such sectors as consumer goods industry, tourism, creative industries, shared intellectual services and solid waste management. It was also noted that the program works with the government agencies to attract investments, create high-payable jobs and increase sales.
“The United States Agency for International Development (USAID) has made a very important decision to increase its assistance, support and funding for the programs implemented by the Agency in cooperation with the Ministry of Economy and its agencies,” – Natia Turnava stated after the meeting. According to the Minister, first of all, it is tourism and its support in the difficult post-pandemic situation, as well as the support of investment policy, especially in such areas where the high value is created. They talk about support in terms of training, retraining, attracting investors. Another priority is the privatization of state property, under which the economic security program will support the state in attracting potential investors.
“Substantial support will be provided to the e-commerce and other high-tech industries as well. Improving the quality of the digitalization is a trend that is especially important in the post-pandemic period,” – Natia Turnava noted.
“Economic Security Program, which has been further expanded, is actually contributing to the economic growth. The main reason why it is important to continue this program is this: it helps the economy to recover from the coronavirus crisis and includes programs that were not previously included in this program. We are talking about light industry, e-commerce, information technology and more,” – the USAID/Georgia Mission Director, Peter Wiebler said.
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