Tbilisi, Georgia, March 4, 2014
—The Investment Climate Advisory Services of the World Bank Group is helping the Georgia Revenue Service modernize its trade logistics system to streamline customs procedures, saving time and boosting cross border trade.
IFC, a member of the World Bank Group, has partnered with the United Nations Conference on Trade and Development (UNCTAD) to upgrade the integrated customs information system used to manage trade transactions by the Georgia Revenue Service. As a result, enhanced features will modernize and streamline customs procedures.
“The new system will greatly increase the efficiency of customs administration,” said Irakli Gvaramadze, Director General of the Georgia Revenue Service. “Upgrading the ASYCUDAWorld automated system is very important to the efficient operations of the Georgia Revenue Service. This automated system is based on modern technology and will bring the Georgian customs’ IT system into a new era.”
The upgrade will enable efficient and compatible data exchange between the revenue service and other agencies. It will improve information availability for the private sector and allow the service to manage risks more efficiently.
Thomas Lubeck, IFC Regional Manager for the South Caucasus, said: “This initiative is part of our efforts to help Georgia accelerate private sector growth by creating simple, efficient, and business-friendly regulations while ensuring public interests are protected. This upgraded system at Georgia customs will allow more efficient cross-border trade.”
The initiative is part of the Georgia Investment Climate Project implemented by IFC in partnership with the Austria’s Federal Ministry of Finance, BP and its Oil and Gas Co-venturers, and the Norwegian Trust Fund for Private Sector and Infrastructure.
UNCTAD, which is governed by its 194 member states, is the United Nations body responsible for dealing with development issues, particularly international trade — the main driver of development.
About the Investment Climate Advisory Services of the World Bank Group
Investment Climate Advisory Services of the World Bank Group helps governments implement reforms to improve their business environment and encourage and retain investment, thus fostering competitive markets, growth, and job creation. Funding is provided by the World Bank Group (IFC, MIGA, and the World Bank) and over 15 donor partners working through the multi-donor FIAS platform.
For more information about BP and its Oil and Gas Co-venturers,
visit:
www.bp.com
.
For more information about the Norwegian Trust Fund for Private Sector and Infrastructure,
visit:
www.worldbank.org/ntfpsi
.
For more information about the Georgia Revenue Service
, visit:
www.rs.ge
.
