PM Kobakhidze meets World Bank regional director to discuss $1.3 bln project portfolio in Georgia

Georgian Prime Minister Irakli Kobakhidze has met Abebe Adugna, the World Bank’s Regional Director for Prosperity in Europe and Central Asia, to discuss cooperation between Georgia and the international financial institution.

The meeting focused on the two sides’ longstanding partnership and the World Bank’s contribution to economic and structural reforms in Georgia.

The discussions highlighted the importance of the bank’s analytical research in supporting sustainable economic growth and labour market development, as well as its involvement in key sectors of the Georgian economy.

These include road and railway infrastructure, energy, education, healthcare and agriculture.

The Government Administration said that 10 projects with a combined value of approximately $1.3 billion are currently being implemented in Georgia with World Bank support.

Georgia’s Finance Minister Lasha Khutsishvili and Head of the Government Administration Levan Zhorzholiani also attended the meeting.