The work of Partnership Fund: An overview of ongoing and completed projects
Tbilisi. Transparency International Georgia (TI Georgia) studied projects funded by LLC Partnership Fund (PF). TI Georgia’s conclusions are:
“In order to ensure PF’s stable investment activities, its funding should be sustainable and predictable. Therefore, it would better if PF does not depend on the profits of state-owned companies and it is directly financed by the state budget within certain limits. Additional regulations for ensuring more transparency of PF’s projects should be introduced. More specifically, it would be good if legislation bans funding of such legal entities, which are registered in offshore zones or legal entities, whose owners or shareholders are offshore companies”.
Source: The web-page of the organization
