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Friday, 27 April 2018


WB director positively assessed the Act of Economic Freedom

2009-10-20 12:19

Ngozi Okonjo Iweala, the World Bank Managing Director, positively assessed the new initiative of the President of Georgia - the Act of Economic Freedom.


She announced it at yesterday's meeting with Georgian government members in the Ministry of Finance of Georgia. At the meeting the sides discussed the issues of overcoming the crisis and stimulating the economy.

She said that the government chose a very good way to overcome crisis, when on the one side focused on infrastructure development and encouragement of creating new working places; and on the other - on support for socially unprotected population. The Managing Director expressed the World Bank's support for the Georgian government's efforts on stabilization and development of economy.

Ngozi Okonjo Iweala added that, in her opinion, the implementation of the Act of Economic Freedom paragraphs would favor the right development of economy and luring foreign investments.

Kakha Baindurashvili, the Minister of Finance of Georgia, mentioned the World Bank became the 2nd financial institute [after the IMF mission] to give the positive assessment to the document.


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