Minister of Finance of Georgia meets with Deputy Director of Asian Department of French Development Agency

Mamuka Bakhtadze, the Minister of Finance of Georgia, has met with Jean-Claude Pierre, Deputy Director of the Asian Department of the French Development Agency (AFD), within the framework of the 51th Annual Meeting of the Board of Governors of the Asian Development Bank.

According to the Ministry of Finance, the sides positively evaluated the cooperation between Georgia and the French Development Agency, which according to them, has been further strengthened after the opening of AFD South Caucasus Regional Bureau in Tbilisi.

“The importance of supporting the private sector competitiveness reform in Georgian was emphasized at the meeting, as well as the steps taken and planned to support the reform of the pension system by AFD.

Finance Minister Mamuka Bakhtadze thanked Jean-Claude Pierre for supporting the economic development of Georgia and for funding important projects, such as the construction of Khasuri water supply sector, financial support for the reforms in the field of energy efficiency, and expressed hope that future cooperation would be intensified.

AFD is a state financial institution that supports countries’ policies aimed at overcoming poverty and achieving sustainable economic development. In Georgia, AFD has the ability to provide sovereign and non- sovereign funding in the fields of urban development, agriculture and regional development, energy, vocational education, and governance,” reads the information released by the Ministry of Finance.

Original source: InterPressNews
Published on 3 May 2018