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Friday, 21 October 2016


World Bank prepared a new strategy for Georgia

2009-10-08 12:57

David Bakradze, the Speaker of the Georgian Parliament, held a meeting with Asad Alam, the regional director of the World Bank in Caucasus.


At the meeting the WB representative presented the Speaker the new strategy, developed by the Bank and aimed to drive Georgia out of consequences of the global economic crisis and August war.

The new strategy implies investing in infrastructure, deepening reforms in social sphere, rendering aid to the poor, recovery of their expenses on healthcare, improvement of business climate and enhancement of expenditures' efficiency.

Asad Alam mentioned that the main aim of the strategy - response to the challenges the crisis made to the population.

He also valued the new initiative of the Georgian President - Act of Economic Freedom, and explained the initiative corresponds to the challenges the country faces.

Previously Georgia Times reported that in the course of his speech in the parliament Saakashvili proposed the Act of Economic Freedom implying granting more freedom to the economy, drawing the role of the state in the economy to minimum, creation of additional legislative guarantees for local businessmen and foreign investors.


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