Georgian Economy Minister, Asian Infrastructure Investment Bank Vice President discuss priority directions, economy

Priority Directions for AIIB Activities in Georgia

In a meeting between the Georgian Economy Minister Levan Davitashvili and Konstantin Limitovskiy, the Vice President of the Asian Infrastructure Investment Bank (AIIB), the priority directions for AIIB’s upcoming activities in Georgia and topics of the domestic economy were discussed. This meeting, reported by Azernews citing Agenda, highlighted the importance of the Sustainable Development Goals (SDGs) in the region.

Overview of Georgia’s Economic Situation

During the meeting, Davitashvili provided Limitovskiy with an overview of the country’s overall economic situation. He also shared details on the open investment environment and ongoing and future projects in Georgia. Davitashvili emphasized that Georgia has the potential to play a significant role in strengthening ties between countries and economies in the Black Sea region. He also highlighted the country’s aim to foster an ideal investment environment at the Eurasian crossroads.

Promoting Sustainable Development Goals

Davitashvili stated that the Georgian Government is focused on making efficient use of the long-term potential for structural changes and significant infrastructure projects. He specifically mentioned several initiatives that align with the Sustainable Development Goals:

• The Black Sea submarine electricity cable project, which aims to connect the grids of the South Caucasus and European Union member states.
• The deep sea port project in the Black Sea town of Anaklia, which will contribute to the development of a new and faster maritime corridor between China and Europe through the South Caucasus.
• Efforts to restore the role of the historic Silk Road trade route, promoting trade and economic cooperation between countries.

Positive Cooperation and Future Development

Limitovskiy expressed his institution’s positive and fruitful cooperation with Georgia. He also reaffirmed AIIB’s readiness for further development in the country.

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SDGs, Targets and Indicators

1. SDG 9: Industry, Innovation, and Infrastructure

   • Target 9.1: Develop quality, reliable, sustainable, and resilient infrastructure
   • Indicator: Progress in the implementation of infrastructure projects, such as the Black Sea submarine electricity cable project and the deep sea port project in Anaklia

2. SDG 17: Partnerships for the Goals

   • Target 17.6: Enhance North-South, South-South, and triangular regional and international cooperation on and access to science, technology, and innovation
   • Indicator: Cooperation and development between Georgia and the Asian Infrastructure Investment Bank (AIIB)

The article discusses the priority directions for the Asian Infrastructure Investment Bank’s activities in Georgia, highlighting the country’s overall economic situation, open investment environment, and ongoing and future projects. These issues are connected to SDG 9: Industry, Innovation, and Infrastructure. Specifically, the article mentions the Black Sea submarine electricity cable project and the deep sea port project in Anaklia as significant infrastructure projects. These projects align with Target 9.1 of SDG 9, which aims to develop quality, reliable, sustainable, and resilient infrastructure.

The article also mentions the cooperation between Georgia and the AIIB, emphasizing their positive and fruitful cooperation. This highlights SDG 17: Partnerships for the Goals. The AIIB’s readiness for further development indicates progress towards Target 17.6 of SDG 17, which aims to enhance regional and international cooperation on science, technology, and innovation.

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: azernews.az

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