The Bank or maybe the Corporation for Development (the ultimate appellation has not been selected yet) might be permitted issue low-interest loans, guarantees, and bonds. All at once, the building Bank are not authorized to simply accept deposits and still provide payment services. The bank can make look at financing medium and small business sectors, startups that commercial banks ignore similar to a leper. The bank gives only legal entities and corporations. Ab muscles of innovative projects that commercial banks avoid financing. Moreover, the bank will employ unique assets to have financial resources for extra making investments.
Founded last year beneath the ruling of Mikheil Saakashvili, their bond Fund were to fulfill the same missions, in reality. However, our universe associates their bond Fund’s operation until 2012 having a well-paid shelter for fired or quitted high-ranking officials (ex Prime Minister Nikoloz Gilauri, ex Finance Minister Dimitri Gvindadze among others).
The Fund’s assets are the following state-owned enterprises: Georgian Railway (100%), Georgian Coal and oil Corporation (GOGC