OREANDA-NEWS. August 11, 2008. The EBRD is closely following the events in Georgia and urges all parties involved to reach, together with active support of the international community, a rapid resolution of the conflict, reported the press-centre of EBRD.

During recent years, Georgia has made enormous progress in introducing and implementing key reforms which have accelerated and broadened the development of its economy and attracted substantial amount of foreign investments.

Over the last 4 years, the EBRD has invested significant amounts (about US150 millions) in the Georgian banking sector through equity, long term funding and trade facilitation guarantees.

The EBRD considers the Georgian banking sector as a whole as efficient, well capitalised and robust.

The EBRD will continue to stand by its partner banks in difficult times and to work on active prospective projects in the Georgian financial sector.