Today’s government meeting is discussing important agreements to be signed by the Partnership Fund, under which major investment foundations will enter Georgia.
Prime Minister Giorgi Kvirikashvili explained that, for the first time, the Partnership Fund will invest in the international consortium, which will make focus on support of small and medium business in Georgia.
The Partnership Fund will become partner with Canadian Investment foundation of Gazelle Fund, the PM said.
Capital of Gazelle Fund, at the initial stage, makes up 27.5 million USD, while its later investment volume will increase to 70 million USD. It is important that the Fund is of regional body. The fund has selected Georgia and will spend 60% of its capital in our country.
This is very important that Gazelle Fund has selected Georgia for its operation and this fact has regional importance. The fund’s partners are also DGGF, the state investment fund of the Netherlands and the Dutch Development Bank (FMO)”, the Prime Minister pointed out.
The Partnership Fund is also implementing important projects for the power sector development. As a result, famous American investment group Schulze Global Investments (USA), as well as European investment foundations with multi-year experience will enter Georgia. These moves will make the Georgian investment market more attractive.
The Partnership Fund also plans to attract two major investors in addition: American foundation Maclellan Foundation and famous French investor Dominique Romano. They assume obligation before the foundation to make total of 10 million USD investments”, the Prime Minister said.