World Bank and Georgia celebrate 25 years of partnership

World Bank and Georgia celebrate 25 years of partnership

Georgia and the World Bank are celebrating 25 years of partnership today. To mark this occasion Georgia’s Finance Minister Dimitry Kumsishvili hosted the Vice President of the World Bank’s Europe and Central Asia region, Cyril Muller today, reports.

The meeting highlighted the most remarkable periods of the partnership and the positive impact the World Bank had had as a long-standing partner of Georgia.

"… the World Bank has already been supporting Georgia for 25 years and has been investing in the country. We have been partners of Georgia to make it a strong country… For the World Bank it is a big honour to cooperate with Georgia. One of the most important elements of Georgia’s success is that it is a strong reformer country and Georgia has proved this during over the course of these 25 years,” said Muller.

Muller stated that Georgia had been implementing the economic reforms and added it could become a high income country if strong economic growth continued. Furthermore, he announced new research that would reveal what hinders Georgia's economic growth.

Muller promised that the World Bank would remain Georgia’s supporter and partner in the future.