MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

“We discussed the deepening of economic cooperation with the US Exim Bank. I believe that the US and Georgia have truly great potential for cooperation in the fields of trade, investment, transport, logistics, and technology,” – the First Vice Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili stated after the meeting held at the US Exim Bank, which was held within the framework of the First Vice Prime Minister’s visit to the United States. Levan Davitashvili met with James G. Burrows, the Acting First Vice President and Vice Chairman of the Board of Directors of the organization, and other top managers of the bank.

Minister of Finance Lasha Khutsishvili, President of the National Bank of Georgia Natia Turnava, and Deputy Minister of Economy and Sustainable Development Genadi Arveladze also attended the meeting.

The parties discussed the potential for cooperation in various sectors of the economy, and the possibilities of attracting American companies to the Georgian market and making investments in the country’s economy were emphasized. Particular emphasis was placed on sectors such as transport, logistics and technology. It was also noted that the Georgian side welcomes the development of economic ties with the United States, including bilateral trade.

Georgian side introduced the economic trends of Georgia to the representatives of the US financial organization. It provided a detailed overview of the main directions of the economic policy pursued by the Government of Georgia and the National Bank in recent years, which ensured high economic growth in the country. Ongoing structural reforms aimed at promoting the country’s sustainable development, supporting the enhancement of the private sector’s competitiveness, and ensuring inclusive economic growth were also discussed.

The meeting also focused on Georgia’s development as a transport and logistics hub of regional importance. It was mentioned that Georgia has a favorable geostrategic location and can perform the function of a hub more actively, including for American products.

The increase in cargo turnover through the Middle Corridor in recent years was emphasized. The Georgian side provided representatives of the US Exim Bank with detailed information on strategic projects in the transport and logistics sector aimed at increasing the country’s competitiveness and developing its transit potential.

At the meeting, the representatives of the Exim Bank expressed their readiness to cooperate more intensively with the Georgian side, taking into account the needs that will contribute to the deepening of bilateral trade and economic cooperation.