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Global Economy to Expand by 3.1 percent in 2018

Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday. “If it can be sustained, …

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2 Million Grant for Startupers – World Bank Project in Georgia

First Deputy Prime Minister, Minister of Economy and Sustainable Development Dimitri Kumsishvili and World Bank Regional Director in the South Caucasus Mercy Tambon participated in the official presentation of the Co-financing grants Program. This program is implemented within the framework of the World Bank’s Project “National Innovations Ecosystem” (GENIE). Its …

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World Bank: Georgia Surpasses Many Countries in terms of Blockchain Technologies

World Bank (WB) is exploring Georgia’s experience in blockchain technology development. WB Chief economist Hans Timmer told BMG that the system makes transactions transparent and this technology simplifies and cheapens transactions. “Georgia genuinely surpasses many countries in this component and that’s why we have selected your country. I am astonished …

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Tbilisi Mayor Meets with World Bank Vice President

Tbilisi Mayor Meets with World Bank Vice President

Tbilisi Mayor Kakha Kaladze has met with World Bank Vice President Hartwig Shaffer and other representatives of the World Bank. The parties discussed bilateral cooperation issues and important projects to be implemented in Tbilisi for the next 4 years. “At the meeting we introduced our projects and visions to the …

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WB Allocates Additional Finances for Highway Improvement

World Bank

The World Bank (WB) has allocated additional financial resources for East-West highway corridor improvement. Government of Georgia and IBRD have signed an agreement on Additional Financing of East-West Highway Corridor Improvement Project. The document was signed by Minister of Finance Mamuka Bakhtadze and WB regional director in South Caucasus Merci …

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World Bank Ups Georgia’s Economic growth Forecast

World Bank Ups Georgia’s Economic growth Forecast

The World Bank (WB) forecasts Georgia’s economic growth pace to reach 4% in 2017, up from the previous forecast of 3.5%. WB forecasts 4% upturn in 2018 too, while the 2019 outlook was determined by 4.5%. The WB report reads that Georgia has recorded a strong growth in 2017. The …

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