An annual report by the European Bank for Reconstruction and Development on Monday said the institution offered a total of EUR 218 million to Georgia in 2022, with investments ranging from healthcare to energy efficiency and from financing for small and medium-sized enterprises to credit lines to local banks and trade.
Catarina Bjorlin Hansen, the EBRD Regional Director for the Caucasus, said last year the bank helped its clients in the country build an “inclusive, green and more digitalised economy”.
“Our support included trade facilitation and the provision of funding to local enterprises, including through partner banks, with additional incentive grants from the European Union”, she noted.
“We also invested in energy efficiency in schools and supported the healthcare sector while scaling up gender and inclusion activities, working with our clients to create access to jobs and services”, Hansen added.
Among the projects the EBRD financed in 2022 were: renovation of schools – EUR 40 million, promotion of capital markets development – EUR 12 million, support of trade finance transactions – EUR 60 million and SME support – EUR 109 million,
The EBRD also said its green financing in Georgia hit a record 61% of the bank’s total investment volume in the country for 2022. (Agenda/Business World Magazine)