Priority Directions for AIIB’s Activities in Georgia
Georgia’s Economy Minister, Levan Davitashvili, met with Konstantin Limitovskiy, the Vice President of the Asian Infrastructure Investment Bank (AIIB), to discuss the priority directions for the bank’s upcoming activities in Georgia and topics related to the domestic economy. The meeting took place on Wednesday, according to a statement from the Ministry.
Overview of Georgia’s Economic Situation
During the meeting, Davitashvili provided Limitovskiy with an overview of the country’s overall economic situation. He highlighted the open investment environment and ongoing and future projects in Georgia. Davitashvili emphasized that Georgia has the potential to play a “significant role” in strengthening ties between countries and economies in the Black Sea region. He also mentioned the country’s aim to create an “ideal investment environment at the Eurasian crossroads”.
Focus on Efficient Use of Potential
Davitashvili stated that the Georgian Government is focused on making “efficient use” of the long-term potential for structural changes and significant infrastructure projects. He specifically mentioned several initiatives:
- The Black Sea submarine electricity cable project, which aims to connect the grids of the South Caucasus and European Union member states.
- The deep sea port project in the Black Sea town of Anaklia, which will create a new and faster maritime corridor between China and Europe through the South Caucasus.
- Efforts to restore the role of the historic Silk Road trade route.
- And more.
Positive Cooperation with AIIB
Limitovskiy expressed his satisfaction with the “positive and fruitful cooperation” between AIIB and Georgia. He also assured Davitashvili of the bank’s readiness for further development.
SDGs, Targets, and Indicators
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SDG 9: Industry, Innovation, and Infrastructure
- Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure
- Indicator: The Black Sea submarine electricity cable project and the deep sea port project in Anaklia mentioned in the article contribute to the development of infrastructure in Georgia.
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SDG 17: Partnerships for the Goals
- Target 17.16: Enhance the global partnership for sustainable development
- Indicator: The meeting between the Georgian Economy Minister and the Vice President of AIIB highlights the partnership between Georgia and AIIB in promoting sustainable development.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure | The Black Sea submarine electricity cable project and the deep sea port project in Anaklia |
| SDG 17: Partnerships for the Goals | Target 17.16: Enhance the global partnership for sustainable development | The meeting between the Georgian Economy Minister and the Vice President of AIIB |
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Source: agenda.ge
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