The parties reviewed the issues of cooperation between Georgia and the International Finance Corporation and the IFC’s decision - to support the private sector and grow the volume of the portfolio for Georgia.

The conversation focused on the impact of the COVID-19 global pandemic in Georgia and the region, as well as the steps taken by the Georgian government against the pandemic, as a result of which the country's economy showed one of the highest rates of recovery in 2021 - positive data from the beginning of this year. At the same time, the challenges faced by the world and the region today, which are connected with the Russian invasion of Ukraine, were underlined.

As the Minister of Finance noted, in order to overcome the challenges, Georgia will continue reforms in the areas such as: increasing energy security and independence, strengthening infrastructure to support Georgia's competitiveness, digitalization and development of innovative services, capital market reform and others.

The role of the private sector in economic recovery and development was emphasized. Emphasis was placed on the importance of human capital reform, which aims to strengthen the health and education sectors and is one of the country's top priorities in communicating with the International Finance Institute.

In the end, the parties expressed hope that the International Finance Corporation would continue to assist the country in both investment and consulting and technical issues.