MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

First Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development Dimitry Kumsishvili had a meeting with the IMF’s Middle East and Central Asia Department Director, Jihad Azour.

The meeting was held within the framework of the People’s Bank of China and the International  Monetary Fund Joint High Level Conference on the Belt and Road Initiative.

Deputy Ministers of Economy and Sustainable Development of Georgia, Genadi Arveladze and Giorgi Cherkezishvili as well as the Georgia’s Ambassador to the People’s Republic of China, Davit Aptsiauri also attended the meeting.

Georgia’s cooperation with the International Monetary Fund and the course of the program based on the Government's Reform Plan were discussed during the conversation. Significant results achieved due to the implemented economic reforms were also highlighted. The focus was also on the main directions of the future cooperation.

As the first Vice Prime Minister said following the meeting, the IMF support is very important in terms of  development of the country’s main infrastructure.

“With the program launched with the IMF support, we have started to earn back and reassure the trust of the international financial institutions, which was very important for providing such big investments in the country. In 2017-2020 we have to invest over 3.5 billion USD in the country’s capital infrastructure and these investments should be attracted from the international financial institutions. Today, we have contracted all the important infrastructure projects,” – Dimitry Kumsishvili noted.

The Director of the IMF’s Middle East and Central Asia Department, Jihad Azour highlighted the importance of the meeting as well.

“It was a very interesting meeting where we discussed the on-going reforms implemented by Georgia. I have also heard a number of initiatives that are being implemented in terms of increasing cooperation between the countries and within the region. I am happy to see that Georgia  has advanced in many different directions both in trade and in investments,” – Jihad Azour commented.