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The News in Brief

Friday, November 1
By Lizi Zurabiani



Temporary governmental commission discusses needs of residents of the villages adjacent to demarcation line

The temporary sitting of the Temporary Governmental Commission on Response to the Needs of the Inhabitants of the Villages adjacent to the demarcation line was held at the Ministry of Regional Development and Infrastructure of Georgia on October 31st. The 20th session was chaired by Maia Tskitishvili, Chairperson of the Commission, Minister of Regional Development and Infrastructure.

According to the Ministry of Regional Development and Infrastructure, several topical issues were discussed at the meeting, including the need for financial support to provide heating during the winter and funding for students for the 2019-2020 academic year.

“We are paying special attention to the population of the villages adjacent to the demarcation line and this is reflected in both infrastructure projects and social assistance. Ketevan Tsikhelashvili provided us with USAID-funded information on new opportunities, including the possibility of implementing a new economic development program with the Partnership Fund. We hope that the municipalities will work more actively with the population to get a better effect under this grant funding,” said Tskitishvili.

Ketevan Tsikhelashvili, the co-chair of the commission, said the commission had done an impressive amount of work since 2013, which directly reflected the population's existence, referring to 50,000 people living in 116 wire-fenced villages.

“Today the commission has decided that students from all villages along the dividing line will still receive state funding for the 2019-2020 school year, which is a huge benefit for their families. In general, we are very happy that we have the dynamics of returning the population to their homes, which is a great achievement and therefore we will continue to respond not only to such needs but also to increase support in terms of development,” said Tsikhelashvili.



The Eighth session of Euronest Parliamentary Assembly to be held in Tbilisi

Tamar Khulordava participated in the session of the Euronest Parliamentary Assembly Bureau in Kyiv. The Euronest Parliamentary Assembly has new co-presidents, MEPs Andrew Kubilius and Ukraine's Rada MP Ivan Krulko. The bureau discussed the reforms carried out in Eastern Partnership countries and the results achieved.

“As for the reforms implemented in Georgia, it should be noted that one of the major achievements is the adoption of a new Parliamentary regulation which has fundamentally changed the Parliament's activities, newly introduced parliamentary oversight and, most importantly, increased public involvement in parliamentary work. Active work on constitutional amendments related to electoral system reform is underway. There is also significant news in the judiciary, where structural changes have taken place and judicial reform is underway with the participation of the public,” said Tamar Khulordava.

The Bureau members discussed the plans of the Assembly and discussed the preparatory works for the plenary session of the Euronest Parliamentary Assembly.

By Tamar Khulordava's initiative discussed future visions of Eastern Partnership at the Bureau session.

“The 10th anniversary of the Eastern Partnership is celebrated, on which the Parliament of Georgia has prepared a resolution. I consider it necessary for the Euronest Parliamentary Assembly to work and adopt a joint document defining the future of the Eastern Partnership and it is important that it be adopted before the Eastern Partnership Summit, which will be held in May 2020,” said Tamar Khulordava.

According to the Parliament of Georgia, the agenda of the Eighth Plenary Session was determined at the Bureau sitting, which will be hosted by the Georgian Parliament on December 8-10, the heads of EU institutions have been invited to take part in the event.



National Bank in cooperation with IFC hosts International Conference on Sustainable Financing

The National Bank of Georgia, in cooperation with the International Finance Corporation (IFC) and Sustainable Banking Network (SBN), hosted a Sustainable Financing Conference, on October 31st. The event was attended by IFC experts, representatives of SBN member countries and the central banks of the region. The conference was also attended by representatives of relevant ministries and international organizations, presidents / CEOs of financial organizations and other stakeholders.

The meeting was opened by the President of the National Bank of Georgia. Koba Gvenetadze talked about the importance of transparency and disclosure of information. At the same time, the President of the National Bank emphasized the important role of environmental, social and governance issues in the decision-making process, which is essential for the country's financial stability and sustainable development.

According to the NBG, participants at the conference discussed the challenges facing sustainable funding, discussed the importance of guidance and other similar documents. Special attention was paid to the topics of publicity and transparency of environmental, social and governance issues. Participants also emphasized the importance of financial oversight and regulatory initiatives for the development of sustainable financing.