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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Sovereign fund to be established in Georgia under IMF assistance

Posted on 13 September 2013

Executive Director of the Georgian Partnership Fund Irakli Kovzanadze met with the mission of the International Monetary Fund (IMF). The projects funded by the Partnership Fund, as well as the process of establishing the Sovereign Fund based on the Partnership Fund in Georgia were discussed during a meeting with head of the IMF mission Mark Griffiths, IMF Permanent Representative in Georgia Edward Martin and head of the IMF fiscal mission Dmitry Radev.
“The IMF is actively involved in the preparation of those legislative initiatives on the basis of which the Sovereign Fund should be set up,” the Partnership Fund said. “The matter rests in the formation of the supervisory and investment councils of the Sovereign Fund, as well as the methodology and criteria of projects to be financed by the fund.”……………………………………….Full Article: Source


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