Georgia to create Development Bank

The Georgian government has introduced a bill on the creation of a Development Bank to parliament today. According to the document, the Partnership Fund will be reorganized into the Development Bank, Trend reports.The new structure will be authorized to grant loans through commercial banks, give guarantees, release bonds and engage in other financial operations. The bill contains the rules that the new bank will follow and details of reorganizing the Partnership Fund.

The Georgian government has introduced a bill on the creation of a Development Bank to parliament today. According to the document, the Partnership Fund will be reorganized into the Development Bank, Trend reports.

The new structure will be authorized to grant loans through commercial banks, give guarantees, release bonds and engage in other financial operations. The bill contains the rules that the new bank will follow and details of reorganizing the Partnership Fund.