Georgia's former PM to establish Development Bank

19 March 2014 11:40 (UTC+04:00)

By Jamila Babayeva

Georgian former Prime Minister, billionaire and founder of the "Citizen'" NGO Bidzina Ivanishvili intends to establish the Georgian Development Bank.

Ivanishvili said he and government representatives are actively engaged in the foreign economic activity. Also, he is involved in the multilateral economic projects.

"The Georgian Development Bank will be established in our country soon," he told Imedi TV Company. "This is primarily Prime Minister Irakli Garibashvili's merit. I also work much in this sphere."

Ivanishvili also appreciated Garibashvili's efforts on Georgia's development.

Ivanishvili was Prime Minister of Georgia from 25 October 2012 to 20 November 2013. He founded and led the Georgian Dream coalition, which won the 2012 parliamentary election. He announced his withdrawal from politics on November 2013 saying that he will remain an active member of society.

Ivanishvili presented his NGO "Citizen", which will define the requirements of the civil sector to the government in Tbilisi on February 4.