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Garibashvili and Georgian representatives at talks with the AIIB side

Asian Infrastructure Investment Bank will Start its Operations in Georgia

Georgia will be among the first countries that the newly established Asian Infrastructure Investment Bank (AIIB) will start making operations.

The AIIB president Jin Liqun made this statement after his meeting with the Georgian PM in Dalian.

Jin Liqun stated he had visited Georgia twice. According to him, the country has made a significant progress in the past period.

“The Asian Infrastructure Investment Bank is interested in Georgia’s transport, logistics and energy sectors,” he said. Irakli Garibashvili in his turn stressed Georgia’s strategic geographic location, its amicable business environment, and the Free Trade Agreement with Europe.

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It was noted at the meeting that Georgia has many attractive aspects to offer to China economically. These include but are not limited to the logistics, renewable energy opportunities, entrepreneurship, tourism and healthcare.

Georgia represents one of the founder countries of the Asian Infrastructure and Investment Bank, having signed the agreement in advance on June 29, 2015, in Beijing. Georgia is the 45th country that joined the Bank and the first country to have made the Bank’s ratification in advance.

It is expected for the AIIB to start operating by the end of 2015. Obtaining membership of the Asian Investment and Infrastructure Bank will help Georgia in raising finances and implementing its infrastructure projects, such as the new port that the PM stressed at the Dalian Forum.