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Italian SACE to Take Active Steps on Georgian Finance Market

Italian SACE to Take Active Steps on Georgian Finance Market

Natia Turnava, deputy executive director of the Partnership Fund, has hosted representatives of SACE, the exports-crediting state agency of Italy offering financial and insurance services to private companies.

At the meeting the parties discussed bilateral cooperation issues and outlined measures for promoting cooperation between Georgian and Italian private business sectors. SACE representatives expressed readiness to take active steps on the Georgian finance market jointly with the Partnership Fund of Georgia.

Currently, SACE provides technical assistance to the Partnership Fund in establishing the exports agency and also cooperates with the Fund for financing several domestic projects for production of building materials. SACE, Italian state agency for exports and crediting, makes focus on promoting finance institutions in partner countries and supporting exporter companies on global markets in trade operation. SACE makes investments in innovative businesses and offers various financial instruments to companies.