Nana Adeishvili, a member of the Supervisory Board of the Development Fund of Georgia, spoke about the business community's growing interest in collaborating with the Fund.
"The business sector shows active interest in collaborating with the Development Fund of Georgia. As you know, unfortunately, capital markets are underdeveloped in Georgia, and the financing conditions offered by commercial banks are not attractive to our potential partners. Therefore, the existence of such a fund is essential. Moreover, this is a practice used by almost every country, both developed and developing. For example, even in the United States, where the financial markets are the most developed, numerous state investment funds are involved in promoting the economy, both in high-tech sectors and in regional development. International practice shows us that state development funds differ from each other based on their objectives and sectoral prioritization, but their common goal is to stimulate economic growth, promote innovation, and support regional development. This is why it is so important for the country to have institutions like the Development Fund of Georgia," said Nana Adeishvili on the air of the Georgian Public Broadcaster.
Adeishvili also spoke about the priority sectors and industries for the Fund.
"The fund's priority areas are defined by its charter: high-tech and eco-friendly production, export-oriented enterprises, and import substitution. Additionally, the funding of innovative projects and startups remains among the fund's priorities. As for sectors, the fund will finance projects that contribute to the horizontal and vertical diversification of the economy, with a focus on high-productivity manufacturing and services.
It is also important to highlight that, while this is a development fund that offers long-term financing to investors, it is essential that the fund remains profitable as well" emphasized by Nana Adeishvili.
