In an interview with Azerbaijani news-agency TREND, the President of the European Bank for Reconstruction and Development (EBRD), Jean Lemierre, highlighted his institution’s plans for improving Georgia’s microfinance and small and medium enterprise banking sectors. According to Mr. Lemierre, the EBRD will continue to make equity investments in local banks and microfinance institutions (MFIs). Additionally, it hopes to help them with “issues of transparency, corporate governance, and capacity building.” Beyond typical microcredit operations, the EBRD will help the sector with expanding leasing, insurance, and pension operations. The investment will especially focus on small and micro-enterprises in the rural areas of the country, particularly those within the agriculture sector.
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