Mr.Menno Snel the newly appointed Executive Director of the International Monetary Fund for the Netherlands Constituency paid an official visit in Georgia.

The main purpose of the visit was to familiarize with the Georgian banking sector and current economic reforms. The IMF Executive Director met the Prime Minister of Georgia, Mr.Nick Gilauri, the Governor of the National Bank of Georgia, Mr.Giorgi Kadagidze and the Minister of Finance, Mr.Dimitri Gvindadze. He also met the representatives of the commercial banks in order to explore business development possibilities.

Mr.Snel visited the Service Agency of the Ministry of Internal Affairs of Georgia and was introduced to innovative services of Rustavi House of Justice while visiting Georgia.

„Georgia manages to remain among few well performing economics. At our constituency we value relationships with Georgia and I am honoured to represent the country at IMF.  Georgia is quite active partner and among other initiatives, for 2013 it has suggested to host constituency meeting. We are open to discuss this suggestion internally and I personally will be supportive to this idea.

Fund's relations with Georgia was always an example of partnership built on respect, understanding of economic and realities and was oriented on progress. I believe directors realise this reality and value relationships with Georgia.

Although next program has just precautionary nature, it is important in providing confidence for investors and I hope it will continue Georgia's successful track record“,- stated Mr.Menno Snel.