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EBRD Board Directors to visit Georgia and Armenia

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  • EBRD Board Directors to visit Georgia and Armenia

    The FINANCIAL, Georgia
    Nov 28 2008



    EBRD Board Directors to visit Georgia and Armenia
    28/11/2008 15:22


    The FINANCIAL -- Representatives of the shareholders of the European
    Bank for Reconstruction and Development are arriving in Tbilisi on
    December 1 for a five-day visit to Georgia and Armenia.

    During their visits, the EBRD Board Directors will meet with
    government representatives, members of the diplomatic and business
    communities and representatives of civil society. They will also have
    the opportunity to visit EBRD projects in both countries.

    Representatives of the Board in the delegation will be Alain de
    Cointet, representing France; Carole Garnier, representing the
    European Community; Ib Katznelson, representing Denmark, Ireland,
    Lithuania, and FYR Macedonia; David Martinez Hornillos, representing
    Spain and Mexico; Kalin Mitrev, representing Bulgaria, Poland and
    Albania; Hans Sprokkreeff, representing the Netherlands and Mongolia;
    Joao Cravinho, representing Portugal and Greece; and Igor Podoliev,
    representing Ukraine , Romania, Moldova, Georgia and Armenia. During
    their visit, the Board Directors will be accompanied by Michael Davey,
    EBRD Director for the Caucasus and Belarus.

    In Georgia, the Board Directors will meet government representatives
    headed by Finance Minister Nika Gilauri, who is also the EBRD Governor
    for his country. In Armenia, where the EBRD delegation will start its
    mission on Thursday, meetings have been scheduled with President Serge
    Sargsian, Prime Minister Nerses Yeritsyan and Minister of Finance and
    EBRD Governor Tigran Davtyan.

    The EBRD has significantly increased its activities in Georgia and
    Armenia in recent years and invested more than $400 million in Georgia
    and almost ??¬200 million in Armenia in all sectors of the
    economy. Both countries are part of the Early Transition Countries
    Initiative, launched in April 2004, which is using a streamlined
    approach to financing to mobilise investment and encourage economic
    reform.
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