Head of the Ministry of Finance of Georgia received a high post in the European Bank

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Khutsishvili will hold a high post at the EBRD for a year.

TBILISI, May 12 – Sputnik. Minister of Finance of Georgia Lasha Khutsishvili will take the post of one of the two vice-chairmen of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) for a year, the press service of the Ministry of Finance of Georgia reports.

According to the department, the decision on this was made at the 31st annual meeting and business forum of the European Bank for Reconstruction and Development. Khutsishvili will hold his post for a year. The representative of Jordan became the second Vice-Chairman.

In his speech at the annual meeting, Khutsishvili focused on the development of Georgia’s energy potential.

“We are ready to develop legislation to encourage investment in renewable energy. A potential project for laying a cable across the Black Sea is also important to us,” Khutsishvili said.

The EBRD is the largest investor for Georgia. It plays an important role in the recovery of the country’s economy. To date, 4 billion euros have been invested in Georgia in more than 250 projects, including 87% in the private sector.

In 2020, the Bank invested a total of €630 million in 16 projects in Georgia, doubling the amount invested in the previous year. The Bank provided emergency liquidity and working capital to support viable private sector companies.

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