BAKU, Azerbaijan, Jan.24
By Tamilla Mammadova – Trend:
Citigroup, an American multinational investment bank and financial services corporation headquartered in New York City, has expressed interest in investing in the Georgian financial market, Trend reports referring to the press service of the government of Georgia.
Georgian Prime Minister Giorgi Gakharia met with the Citigroup’s Vice Chairman Jay Collins on the sidelines of the World Economic Forum in Davos.
At the meeting, Collins expressed the group’s willingness to acquire a certain amount of securities issued by the State Treasury of Georgia.
"Excellent discussion was held with the Prime Minister of Georgia on the economy and technologies. We discussed ways of attracting more investments to Georgia. Overall, it was an interesting meeting," noted Collins.
Citigroup is also considering prospects of involvement in the digitalization process of accounting, settlement of public funds and payment systems, thereby sharing its experience to Georgian counterparts, the press service of the government of Georgia reported.
Collins has expressed the Citigroup's interest in refinancing the securities of the Government of Georgia denominated in Euros scheduled to be issued in 2021 as well.
Citigroup has over 200 million customers and operates in 160 countries of the world by offering a wide range of financial services to corporations, governments, individuals and institutions. Annual revenues of Citigroup reach around $73 billion.
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