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Georgia to receive USD 100 mln from OPIC

2009-07-29 11:56

Before end 2009 Georgia will receive USD 100 mln from Overseas Private Investment Corporation (OPIC), and in nearest years this corporation will finance various projects in the country and will spend USD 200 mln, GeorgiaTimes reporter in Tbilisi says.


The announcement was made by Kakha Baidurashvili, the Minister of Finance of Georgia at today's meeting in Courtyard Marriott hotel, held in the light of arrival of Rod Morris, OPIC Vice President. The meeting was attended by representatives of the Georgian government and business people.

According to the Minister, in recent 9 months Georgia has joined the 15 countries where OPIC has the largest financial portfolio. The corporation finances both investment projects and insurance.

Baindurashvili hopes that after Morris' visit both tools for insurance and availability of sums for investors will be simplified.

In the course of his visit, OPIC Vice President will be received by the PM of Georgia and will visit regions to get acquainted with investment environment on site.


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