Ministers of Economic Profile Met with IMF Middle East and Central Asia Department Director

Published in Economics
Friday, 22 July 2022 12:56

Vice Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili and Minister of Finance Lasha Khutsishvili met with Jihad Azour, Director of the Middle East and Central Asia Department of the International Monetary Fund, who was on a working visit to Georgia.

According to the administration of the Ministry of Economics, the IMF Resident Representative for Georgia, Selim Chakir as well as Deputy Ministers and the Heads of Departments of the Ministry of Finance and the Ministry of Economy and Sustainable Development attended the meeting.

The parties reviewed the issues related to cooperation between Georgia and the International Monetary Fund. The importance of the new three-year program aimed at further strengthening of macroeconomic stability, increasing medium-term growth prospects in the face of existing challenges in the region, promoting the continuation of structural reforms, including public finance management, state enterprise reforms and energy support schemes, was also covered during the meeting.

Georgian side informed the Director for the Middle East and Central Asia Department of the International Monetary Fund about the current situation in the country’s economy, indicators of economic growth for 5 months of the current year, as well as future forecasts. It was emphasized that Georgia has quite a successful experience in managing external shocks and despite the current geopolitical shock, by implementing an immediate and effective economic policy, the economy of Georgia maintains high rates of economic growth, sustainability and macroeconomic stability.

As Selim Chakir noted, the authorities have shown significant progress in the direction of strengthening the regulation and supervision of the financial sector. According to the Chakir, the IMF supports the economic program developed by the government, which is focused on reducing fiscal deficit, inflation and external vulnerabilities, as well as structural reforms necessary to boost growth.

At the end of the meeting, the parties confirmed readiness to continue cooperation in the process of implementing economic and structural reforms important for the country.

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    The event was organized by the Scientific Center for Strategic Studies of the Institute of International Relations of the Ministry of Foreign Affairs of Turkmenistan with the assistance of the UN Regional Center for Preventive Diplomacy for Central Asia.

    The purpose of the event is to discuss topical issues of ensuring regional cooperation, development of common strategic approaches, practical proposals and recommendations for the governments of the states of the region in agreed areas by the leading experts of the Central Asian countries.

    The regular meeting was attended by heads and experts of the Institutes for Strategic Studies of the Central Asian States, heads and representatives of diplomatic missions, UNRCCA, faculty and students of the IMO MFA, and media representatives.

    The forum program included three sessions: "Cooperation in combating climate change in Central Asia in the light of the decisions of the UN Framework Convention on Climate Change (UNFCCC), water cooperation in the Aral Sea Basin", "Issues of food security in the Central Asian region", " Problems of ensuring security in the field of information and communication technologies”.

    During the meeting, the measures taken in the countries of Central Asia to mitigate the effects of climate change, and the possibility of attracting the resources of international financial institutions, in particular, the UN Green Climate Fund (GCF), were discussed.

    The importance of analyzing the emerging realities, identifying priority areas for mutually beneficial cooperation based on a thorough and critical study of the key processes of regional development and trends in interstate relations, and achieving concrete results that can make the CA region more secure, stable and prosperous was noted.

    Speaking about integrated approaches to protecting cyberspace, ensuring information security at the national and regional levels, the participants noted that at present all countries of the region have adopted and are implementing their own strategic and conceptual documents aimed at developing the digital society, as well as countering cyber threats.

    In conclusion, the participants expressed their sincere gratitude to President Serdar Berdimuhamedov for his support in holding this forum at a high level, noting with satisfaction that it would give an important impetus to the further development of cooperation between the countries of Central Asia in addressing topical regional issues.

  • MEETING OF THE MINISTERS OF FOREIGN AFFAIRS OF TURKMENISTAN AND THE RUSSIAN FEDERATION

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    On December 6, 2022, the Minister of Foreign Affairs of Turkmenistan R.Meredov met with the Minister of Foreign Affairs of Russia S.Lavrov.

    Opening the meeting, the head of the Russian Foreign Ministry noted the friendly, dynamic and consistent nature of bilateral relations developing on the principles of mutual respect, equality and trust. “Turkmenistan is our close friend, strategic partner. Russia pays great attention to cooperation with Turkmenistan in regional and international affairs. The tone of our relations is set by the Presidents of the two countries, who have held 5 meetings this year alone,” Sergey Lavrov emphasized.

    He also highlighted the importance of bilateral inter-parliamentary cooperation, the interaction of Russian regions with Turkmenistan, which makes a significant positive contribution to the course of interstate relations.

    The Minister of Foreign Affairs of Turkmenistan expressed confidence that the current talks would be an important step in bilateral relations and emphasized the main factor in their successful development - high-level meetings.

    The head of the Turkmen Foreign Ministry expressed gratitude to Russia for the continued support of Turkmenistan's international initiatives, including in such areas as energy security, sustainable transport, ecology, and a number of other areas.

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  • AIR ASTANA RECEIVES SKYTRAX BEST AIRLINE IN CENTRAL ASIA & CIS AWARD FOR THE TENTH TIME

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    “Since it was launched 20 years ago, Air Astana steadily built a reputation for safety, efficiency and outstanding customer service. We are once again honoured to receive  awards from Skytrax today, which perfectly reflect our commitment to the very highest standards  of excellence and recognition from our devoted passengers. I would like to thank every one of our almost six thousand staff for their professionalism and dedication on this proud occasion,” said Peter Foster, President and CEO of Air Astana.

    "Air Astana is celebrating its tenth win this year. The airline's management and employees should be proud of this success and of winning the award for Best Airline and Best Service in Central Asia and CIS. The past two years have been very challenging for the aviation industry; therefore, this award confirms the high quality service that Air Astana continues to provide to its customers,” said Edward Plaisted, CEO of Skytrax Awards.

    Winners of Skytrax Awards are determined through an annual passenger survey. More than 300 airlines were evaluated between September 2021 and August 2022. More than 14 million people from 100 nationalities participated in this survey in English, French, Spanish, Russian, Japanese and Chinese. Survey participants rated the airline's website, check-in and boarding procedures, cabin cleanliness, IFE, crew appearance and service, food quality, comfort of seats and more.

    Air Astana received the Skytrax "Best Airline in Central Asia and India" award for the first time in 2011 and this was followed a year later by being the first airline in the CIS and Eastern Europe to receive a four-star Skytrax award. From 2013 to 2015, Air Astana was awarded the Skytrax Award for “Best Service in Central Asia and India” and in 2021, it was certified by Skytrax for COVID-19.

  • Georgian Prime Minister’s meeting with IMF Director of the Middle East and Central Asia Department

    Today, Georgian Prime Minister Irakli Garibashvili met with the Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF).
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