MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Levan Davitashvili: During our visit to the USA, we received a commitment for long-term cooperation from the World Bank, which is very important for the country’s economic growth

22-04-2025

First Vice Prime Minister of Georgia, Minister of Economy and Sustainable Development, Levan Davitashvili, along with the Minister of Finance, Lasha Khutsishvili, and the President of the National Bank, Natia Turnava, met with the World Bank’s Managing Director, Anna Bjerde. The meeting was held in the United States as part of the First Vice Prime Minister’s visit.

The First Vice Prime Minister emphasized that the World Bank is one of Georgia’s most important development organisations. According to Davitashvili, at the current stage of relations, cooperation is underway with the World Bank on the implementation of projects that are of great importance for Georgia’s further development.

“We discussed in detail such strategic projects as the Black Sea Submarine Cable Project, which will connect Georgia to the European Union’s electricity system, as well as the internetisation programme across Georgia, both of which have a transformative effect in terms of increasing the country’s long-term competitiveness. We’ve received a commitment for long-term cooperation from the World Bank, which is very important for the country’s economic growth and overall progress. This concerns not only funding but also a technical support component, which will help Georgia in increasing its overall competencies” – Levan Davitashvili noted.

The priority areas of cooperation between Georgia and the World Bank were discussed at the meeting. Attention was drawn to the World Bank’s ongoing and future projects in Georgia, their benefits, and opportunities. The significant role that World Bank projects play in Georgia’s macroeconomic stability, the construction of civilian infrastructure, and the implementation of structural reforms was highlighted.  
 
The Georgian side provided the World Bank’s Managing Director with comprehensive information on current trends in Georgia’s economy. It was noted that despite external challenges, Georgia’s economy, due to the government’s sound and consistent policies, has shown double-digit growth rates since the post-pandemic period, and this trend continues today.  
 
The meeting also involved discussions on the development of a framework for cooperation with the World Bank in the coming years, which should be fully aligned with Georgia’s economic priorities.   

The Deputy Minister of Economy and Sustainable Development, Vakhtang Tsintsadze, the First Deputy Minister of Finance, Giorgi Kakauridze, and the Deputy Minister of Finance, Ekaterine Guntadze also attended the meeting.

 

 

 

 

 

 

 

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