| Georgia aims to double foreign direct investments to $2 billion this year, helped by a new sovereign wealth fund it is hiring international banks to promote, the fund’s chief executive said.
The vehicle will succeed the state-owned Partnership Fund, created in 2011 to attract investments from abroad, and focus on co-financing projects in the energy agriculture, real estate and industrial sectors. Involving international banks as advisers will help it meet ‘best practice’ investor guidelines, Irakly Kovzanadze – who also runs the Partnership Fund – told Reuters on Monday in an interview...............................................Full Article: Source
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