IFC, a member of the World Bank Group, is boosting the capacity of local partners in Europe and Central Asia to provide advice on good corporate governance and help spur private sector growth.
IFC’s Corporate Governance Program in Europe and Central Asia, funded by Switzerland’s State Secretariat for Economic Affairs (SECO), together with law firm Eristavi & Partners, the Georgian Institute of Directors, the Georgian Banking Training Centre and PMO Business Consulting, hosted more than 25 representatives from partners from 10 countries, in Tbilisi this week.
The purpose was to share knowledge and continue to build capacity in corporate governance, which focuses on improving the structures and processes by which companies are directed and controlled. When implemented effectively, it helps to enhance competitiveness, efficiency and profitability, and enables companies to expand sustainably while attracting investment. Read more here.