Georgian Prime Minister Irakli Garibashvili and Kristalina Georgieva, Managing Director of the International Monetary Fund Monday discussed Georgia’s investment environment, ongoing economic processes, dynamic of post-pandemic economic revival, and the Georgian Government’s particular steps. The government said the meeting was held as part of Garibashvili’s visit to Davos.

It was a pleasure to meet PM @GaribashviliGe 🇬🇪 at Davos. We discussed our strong continued cooperation as Georgia faces economic spillovers from the war in Ukraine. We are at an advanced stage of preparing a precautionary Standby Arrangement to support Georgia’s reform efforts. pic.twitter.com/cL4h6P5Nwn

— Kristalina Georgieva (@KGeorgieva) May 23, 2022

The PM thanked the IMF Managing Director for projects implemented in Georgia and for supporting the reform agenda.

The conversation also revolved around Georgia’s EU membership bid. The Prime Minister emphasized that Georgia completed the European Commission’s self-assessment questionnaire ahead of schedule, and now the country is anticipating a relevant decision.

The parties also discussed the rapid post-pandemic revival of Georgia’s economy, underlining the critical role played by the relevant program supported by the IMF in effective crisis response.

The meeting also underlined the ongoing military action in Ukraine, emphasizing Georgia’s commitment to continuing supporting Ukraine, on a political level among them, including in international formats.

Held productive talks with the MD of the IMF @KGeorgieva on 🇬🇪’s future partnership with the IMF. Thankful for supporting our structural financial & economic reforms, which aim to transform 🇬🇪 into regional financial hub w/the perspective to accelerate our accession into the 🇪🇺 pic.twitter.com/hbuAqcqT0s

— Irakli Garibashvili (@GharibashviliGe) May 23, 2022