TBILISI, Nov. 20 (Xinhua) -- The European Bank for Reconstruction and Development (EBRD) plans to invest more than 300 million euros (around 346 million U.S. dollars) in Georgia's private sector this year, the Imedi news outlet reported Thursday.
Alkis Drakinos, the EBRD's regional head of the Caucasus, said the bank remained committed to supporting Georgia's private sector and broader economic development, noting that the planned investments would target several areas, including banks as well as small and medium-sized enterprises.
Currently focusing on developing and monitoring its existing projects, the EBRD continues to assess priority areas for future engagement, he said.
Drakinos also highlighted the strategic role of the Middle Corridor initiative, saying Georgia is at its core and stressing the EBRD's regional engagement, according to Imedi.
"We are already actively working in all countries that form part of the Middle Corridor, from Central Asia through the Caucasus. Speaking of Georgia, we have already invested in railway and road projects," he said.
