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Opinion: Saakashvili not to be in charge of loans

2009-11-17 17:10

According to Levan Vepkhadze of the Christian Democratic movement of Georgia, the system of state loan lending is illogical in the country, GHN reports.

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"Is the president a bank clerk? - Vepkhadze remarks. - loan management in the state banking sector is possible but it's not clear why the president should be in charge of it".

Vepkhadze also remarked there are no monetary reserves for budgetary loans according to the Budget Code of Georgia.

 

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