The European Bank for Reconstruction and Development (EBRD) and Georgia signed a memorandum of understanding which creates the foundations for the organization of the 2015 EBRD Annual Meeting in Tbilisi, EBRD said in a report on Feb. 10
The event, to take place on May, 13-15, will be the EBRD’s 24th Annual Meeting and the first time the conference will be held in the Caucasus region.
The memorandum of understanding sets out the responsibilities with regard to the organisation, planning and delivery of the Annual Meeting. Both parties express their commitment to a successful event which is expected to bring up to 2,000 participants to Georgia, the report said.
The Annual Meeting is the most important event in the annual cycle of the EBRD. A central part is the meeting of the Board of Governors, the Bank’s highest decision-making body, assessing the Bank’s performance and setting future strategic directions.
The conference also includes the Business Forum, a gathering of business representatives, investors, government officials and media who engage in panel discussions and networking events.
The EBRD is the largest institutional investor in Georgia. Since the beginning of its operations, the EBRD has invested approximately €2.2 billion in over 170 projects. The bank focuses on supporting the private sector; investing in energy sector projects and investing in infrastructure, logistics, telecommunications and the financial sector to support cross-border economic activities.