EBRD and EU help develop capital market in Georgia

Launched in 2020, this programme in partnership with the National Bank of Georgia focused on the design and implementation of support mechanisms facilitating access to capital markets for local corporates, including small and medium-sized enterprises (SMEs).

More than 100 companies have benefited from capacity-building workshops and webinars on topics such as initial public offerings, environmental, social and governance (ESG) bond issuances, and more.

Seven companies issued bonds worth more than €150 million, with the vast majority of proceeds to be used for green and social purposes. Among those companies, two microfinance organisations were able to expand their financing to women-led firms and agribusinesses.