Georgia will be one of the first countries where the Asian Infrastructure Investment Bank (AIIB) to launch its projects- AIIB President announced after meeting with Georgia’s Prime Minister Irakli Gharibashvili.
According to him, he twice visited Georgia which has recently made significant progress. AIIB shows interest in the transport, traffic and energy sectors.
During his visit to China, the head of the Georgian government met with the President of the Asian Infrastructure Investment Bank . The sides discussed the prospects of future cooperation. Prime Minister focused on favorable climate for the business in Georgia, the country’s strategic geographical position and the free trade agreement with the EU.
It was noted that there are a lot of areas in economy that are of interest of Chinese companies. Particularly transport (railways, ports), energy (renewable energy, hydropower), industry, tourism, health, agriculture and other sectors are interesting for investors.
Georgia is founding member of the Asian Infrastructure Investment Bank which signed pre-agreement on 29 June 2015 in Beijing. Georgia is the 45th country joined the bank, and the first country which ratified the bank’s prior agreement.
Most likely, the bank will start functioning by the end of 2015. A membership in the Asian Infrastructure Investment Bank will help Georgia to attract preferential financial resources for infrastructure projects implementation.