IFC and Partner Help Georgian Companies Improve Food Safety Standards to Increase Exports

Published in Economics
Saturday, 01 August 2015 12:37

IFC, a member of the World Bank Group, is partnering with the Young Scientists’ Union, Intellect, to raise awareness of modern food safety practices among food producers in Georgia, to help them improve their competitiveness, and increase sales and exports.

The IFC Agribusiness Standards Advisory Program and the Young Scientists’ Union, Intellect, is conducting a three-day food safety training session in Batumi in Adjara region this week, focusing on compliance with national legislation. The session included good hygiene practices for food producers and information on exporting requirements for international markets.

Levan Gobadze, Chairman of the Board of the Young Scientists’ Union, Intellect, said: “We see an increasing demand for improving food safety practices among companies in Adjara, to help them increase their sales and manage food safety-related risks. This training aims to benefit local businesses by providing practical advice on the issues they face daily.”

The participants also received IFC’s food safety manual, which helps producers prevent food safety hazards in the production process.

“Improved food safety practices will help companies in Adjara increase their competitiveness in both local and export markets,” said Maia Tevzadze, IFC Agribusiness Standards Advisory Program Manager for the South Caucasus. “We believe such training is particularly useful in light of the new opportunities provided by the EU-Georgia Association Agreement.”

Agribusiness is a priority for IFC in Europe and Central Asia. IFC supports the growth of the sector through a comprehensive set of investment and advisory services along the agribusiness value chain. The IFC Agribusiness Standards Advisory Program in Europe and Central Asia is part of these efforts. The program is supported with funds from the Austrian Federal Ministry of Finance.

The Young Scientists’ Union, Intellect, is funded by the Embassy of Lithuania in Georgia.

Georgia became an IFC member in 1995. Since then, IFC has provided a total of about $665 million in long-term finance, including $272 million mobilized from partners, supporting 51 projects across various sectors. In addition, IFC has supported trade worth more than $292 million through its trade finance program. IFC has also implemented a number of advisory projects focused on private sector development.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than $22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. For more information, visit www.ifc.org

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