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Tuesday, 24 April 2018


Mikhail Saakashvili: international investors trust Georgia

2011-04-14 15:06

Georgian President Mikhail Saakashvili has highly appraised the issue of new Eurobonds to the amount of 500 million dollars by the republic's government.


As was reported by Business Georgia, the issue was raised at the meeting of the head of Georgian state with PM Nika Gilauri.

"It is practically a delay of the state debt for a long period of time. It means that we won't have to repay the basic debt in 2013 and it means we will be able to spend this money on the country's development and the settlement of the people's social and economic problems", - Saakashvili underlined.

According to him, such step speaks of the fact that international investors have more trust in Georgia. In Mikhail Saakashvili's opinion, it is especially important when many European countries are facing big financial difficulties. "Greece has fallen down; there are problems in Portugal, Ireland, and Island. Investors put no trust in these countries and suddenly Georgia managed to delay debt repayment and prolong credit resources in these hard times", - the president underlined.

"It's the same as when a family takes a credit in a bank and its payment is delayed for a long time. The family can use this money for other purposes. The same is about the state. Considering that we have gone through a war and a global economic crisis, investors have more trust in us, which is the direct result of the non-corruption environment we managed to create", - he also added, commenting on the fact that Georgia managed to delay the debt it was supposed to repay in 2013 until 2021.

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