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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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World Bank Offers Financial and Technical Assistance to Georgia

The World Bank (WB) offers financial and technical assistance to Georgia to overcome outcomes of the recent conflagration in Borjomi Gorge, WB regional director Mercy Tembon noted after her meeting with Georgian Prime Minister Giorgi Kvirikashvili in Borjomi. “I would like to express support to Georgia on behalf of World …

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Georgia Signs New Agreement with WB for Promoting Government Reforms

Government of Georgia and World Bank have signed a new credit agreement, under which International Bank for Reconstruction and Development (IBRD) will allocate 44.6mln EUR loan for promoting competitive capacity in the private sector of Georgia. «I am happy that World Bank actively strengthens competitive capacity of private sector and …

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World Bank Downgrades Georgia’s Economic Growth Forecast to 3.5%

World Bank Downgrades Georgia's Economic Growth Forecast to 3.5%

World Bank (WB) has downgraded Georgia’s economic growth forecast to 3.5%. The bank has published the forecast in a new report. Under the new report, in January Georgia’s economic growth was supposed to be 5.2% in 2017, 4% in 2018 and 4.5% in 2019. According to the WB estimations, Azerbaijani …

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Georgia Should Create Financing Opportunities Other Than Banks – WB

Georgia should create financing opportunities other than banks, according to the World Bank’s (WB) ‘Trade in Transition’ Europe and Central Asia (ECA) Economic Update made public by Hans Timmer, WB’s chief economist for Europe and Central Asia, during a video conference in Tbilisi, Georgia May 11. “I am not sure …

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Georgia On My Mind – Where Beauty Meets Business

Georgia is a beautiful country, blessed with a favourable location at the crossroads between Western Asia and Eastern Europe. Bordering Armenia, Azerbaijan, Russia and Turkey and with access to the sea, Georgia has good transportation links with the entire region and beyond, and it enjoys a free trade agreement with …

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