01 September 2026,   08:19
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Georgia: New Momentum in U.S. Relations - Newsweek published an article about Georgia

The American publication Newsweek published an extensive article about Georgia titled "Georgia - New Momentum in US Relations", which discusses the signing of a USD 25 million loan agreement between the US International Development Finance Corporation (DFC) and the company PACE Group. You can read more about this topic at Newsweek.

"In June 2026, the U.S. International Development Finance Corporation announced a USD 25 million loan agreement to support the expansion of Georgia`s Poti Port.

The move signaled growing momentum in both Tbilisi and Washington for stronger bilateral ties and the U.S. government`s support for Georgia`s Middle Corridor vision, which positions the country as a regional hub for trade and investment.

"This project brings together the state, Georgian business, and American financial institutions around a common goal", Prime Minister Irakli Kobakhidze said at the groundbreaking ceremony. "Georgia is no longer merely a geographical bridge - we have become a powerful economic and logistics hub that creates added value for international trade."

The expansion at Poti Port, developed in conjunction with Pace Group, is slated to increase capacity by one million tons per year. That further strengthens the Middle Corridor route, which has seen trade volumes via Georgia rise 21 percent in the first five months of 2026, and adds to the country`s wider appeal to U.S. investors. U.S. direct investment in Georgia more than doubled in 2025, reaching USD 158.1 million, and was led by the real estate and technology sectors - highlighting the commercial dimension of broader bilateral engagement", - reads the article.

For the context: In June, the U.S. International Development Finance Corporation (DFC) signed a second USD 25 million loan agreement with PACE Group to complete the second berth of the new Poti Sea Port. This infrastructure project will increase the port`s throughput capacity by one million tons annually and enhance trade efficiency along the Trans-Caspian Corridor. You can read more economic and infrastructure updates from Newsweek.

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