Focus on SMEs, inclusion and the green economy: EBRD adopts new country strategy for Georgia

Focus on SMEs, inclusion and the green economy: EBRD adopts new country strategy for Georgia

December 15, 2021

The European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Georgia for 2022-27.

The strategy has three key priorities: enhancing the competitiveness of Georgian companies, promoting inclusion and regional development, and supporting Georgia’s green economy transition.

The EBRD intends to help companies, including small and medium-sized enterprises (SMEs), boost their productivity and resilience by enhancing their competitiveness and improving their access to finance, for instance, through investments in digitalisation. The Bank will also continue its work to deepen the local capital market to provide companies with a wider variety of financing options.

The Bank will support access to finance, essential municipal services and skills development, especially for young people, women and other marginalised groups, supporting job creation, also in regions outside the capital, Tbilisi.

The EBRD will also help Georgia accelerate it’s green economic transition by supporting initiatives to reduce greenhouse gas emissions and increase the use of renewable energy. It will support the reform of state-owned enterprises, including greater energy and resource efficiency, and continue to expand its Green Cities programme.

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