For more than 30 years, the United States has worked to create and maintain strong diplomatic and economic relations with Georgia. DFC’s predecessors, the Overseas Private Investment Corporation (OPIC) and the U.S. Agency for International Development’s (USAID) Development Credit Authority (DCA) were among the first development finance institutions to invest in newly independent states following the fall of the Soviet Union. DFC continues to advance development in the region through investments in agriculture, financial services, and infrastructure projects such as the Port of Poti on Georgia’s Black Sea coast.
Last month, a DFC team including Chief Development Officer Andrew Herscowitz and Kenneth Angell, Managing Director of Project Finance, traveled to Tbilisi, Georgia to highlight some DFC-supported projects and meet with regional leaders. During the trip, DFC signed two new loan agreements with Georgian businesses for logistics and infrastructure projects and explored ways that DFC’s new technical assistance tool could further build on its impact in the region.
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