Dear Mehek and colleagues,

Let me revert to you the signed minutes of negotiations.

Thanks,

Niko

From: Mehek Marwaha <mehek.marwaha@aiib.org>
Sent: Thursday, May 7, 2020 7:08:32 PM
To: Nikoloz Gagua; Salome Chakvetadze; tbarkalaia@moh.gov.ge; nkajaia@justice.gov.ge; natia mshvidobadze
Cc: Ioseb Skhirtladze; Kishor Uprety; Martin Naegele; Volkan Cetinkaya; Maddalena Honorati; Abdulaziz Faghi; Lire Ersado; Bernardita Saez
Subject: RE: Georgia Emergency COVID-19 Response: Invitation for AIIB Loan Negotiations

*OFFICIAL USE ONLY

 

 

Dear Nikoloz, Salome, Nino, Tamila and all team members,

 

We would like to thank you for attending today’s Negotiations Meeting.  Further to our discussions, please find attached, the following documents:

 

(i) Negotiated Loan Agreement

(ii) Compared document - comparing the Sent Loan Agreement and the Negotiated Loan Agreement

(iii) Minutes of Negotiation (digitally signed by AIIB)

 

Kindly arrange to send us the signed meeting minutes, at your earliest convenience.

 

Thanks and best regards,

Mehek

 

 

 

Mehek Marwaha

Investment Operations – Region 2

Asian Infrastructure Investment Bank

mehek.marwaha@aiib.org | T +86 10 8358 0462 | M +86 186 0028 5801

 

 

 

 

 

 

 

 

*OFFICIAL USE ONLY

 

Dear Salome,

 

Thank you. Look forward to meeting you all tomorrow.

 

Best regards,

Mehek

 

 

Dear Mehek,

Please find attached the list of participants with contact info for negotiation.

Kind regards,

Salome

 

 

------------------------

Salome Chakvetadze

Head of Euro Integration and Programs Division

Ministry of Finance of Georgia

#16 V. Gorgasali str. Tbilisi, Georgia 0114

TEL: +995322261358

Mob: +995595900007

www.mof.ge

 

 

 

 

*OFFICIAL USE ONLY

 

Dear Natia,

 

Thank you for commissioning the process for negotiations and authorizations at a short notice. We really appreciate it.

 

We confirm that our legal counsel and the project team will be able to conduct the negotiations starting at the proposed revised time, i.e. (15:00 Tbilisi time / 19:00 hours Beijing Time / 07:00 hours DC Time) on May 07, 2020. We have also requested the WB team members to join as Observers.

 

We look forward to receiving the list of participants from MoF, MoILHSA and other concerned departments.

 

With thanks and best regards,

Mehek

 

 

Mehek Marwaha

Investment Operations – Region 2

Asian Infrastructure Investment Bank

mehek.marwaha@aiib.org | T +86 10 8358 0462 | M +86 186 0028 5801

 

 

 

 

 

 

 

Dear Mehek,

 

Thank you for your mail and all the documents provided. We are advancing with the process to get to negotiations tomorrow.

 

Dear Mehek, dear colleagues,

Can we propose to schedule the meeting at 15:00 Tbilisi time on the same day – May 07, 2020, instead of 14:00? This one our difference is really crucial for us.

Please confirm, to schedule accordingly.

 

Herewith, we will provide the list of authorized participants with contact details in coming hours.

 

Thank you for your understanding.

 

Kind Regards,

Natia

 

 

 

*OFFICIAL USE ONLY

 

Dear Natia,

 

We are enclosing herewith, the signed Invitation for Negotiation.

Look forward to receiving your confirmation, once the authorizations have been obtained.

 

We appreciate your kind cooperation. In case you require any clarifications, please do let us know.

 

Thank you and best regards,

Mehek

 

 

Mehek Marwaha

Investment Operations – Region 2

Asian Infrastructure Investment Bank

mehek.marwaha@aiib.org | T +86 10 8358 0462 | M +86 186 0028 5801

 

 

 

 

 

 

 

 

 

*OFFICIAL USE ONLY

 

Dear Natia,

 

Further to our email below, please find attached, our Approved Negotiations Package, including the under-mentioned documents, which shall be discussed as part of the negotiations process:

 

1. Invitation for Negotiations (we will be sharing the digitally signed version shortly)
2. Draft Loan Agreement
3. General Conditions for AIIB SBF Loans
4. Draft Project Document of AIIB
5. Draft External Debt Letter
6. Worksheet for Loan Choices (Kindly arrange to fill in the same and share with us before the start of loan negotiations)

 

Hope these documents will be helpful in organizing the necessary authorizations for conducting negotiations on May 07.

 

 

Thank you and best regards,

Mehek

 

 

Mehek Marwaha

Investment Operations – Region 2

Asian Infrastructure Investment Bank

mehek.marwaha@aiib.org | T +86 10 8358 0462 | M +86 186 0028 5801

 

 

 

 

 

 

 

 

*OFFICIAL USE ONLY

 

Dear Natia,

 

It is a pleasure to be introduced, and we look forward to working together with you in combatting the COVID-19 situation in Georgia.

 

Our draft loan agreement is nearly ready, and we intend to share the same, along with our formal Invitation to Negotiate, within a few hours from now, to enable you to initiate the authorizations process at the earliest (hopefully, by 6 PM Tbilisi time today).

 

Best Regards,

Mehek Marwaha and the AIIB Project Team

 

 

Mehek Marwaha

Investment Operations – Region 2

Asian Infrastructure Investment Bank

mehek.marwaha@aiib.org | T +86 10 8358 0462 | M +86 186 0028 5801

 

 

 

 

 

 

Dear Mehek,

 

Let me introduce myself. I have recently joined the Public Debt Management Team as a Deputy Head. I am happy to cooperate with you, AIIB and WB, especially on so important aspects for my country.

 

Dear Mehek, further to your mail bellow, please let us know, if you have proceeded with the draft loan agreement and be able to share it with us?

Since the process to get to negotiations require some time after receiving the draft loan agreement, in order to proceed with the negotiations on May 07, 2020, it’s fundamental that we receive draft loan agreement as soon as possible.

 

Thank you for your understanding.

We highly appreciate your kind cooperation and support.

Let me express our gratitude for your effort.

 

 

 

Sincerely yours,

 

Natia Mshvidobadze

 

 

Deputy Head of Public Debt Department

Ministry of Finance of Georgia

Mob: +995 595 005 207

Email: n.mshvidobadze@mof.ge

 

 

 

 

 

 

 

*OFFICIAL USE ONLY

 

Dear Nikoloz,

 

Thank you for making time for AIIB negotiations on the proposed date.

For your review, we will be in a position to share the draft loan agreement with you on May 05 itself, once we receive approval for the project from our Investment Committee.

 

Best regards,

Mehek

 

 

Mehek Marwaha

Investment Operations – Region 2

Asian Infrastructure Investment Bank

mehek.marwaha@aiib.org | T +86 10 8358 0462 | M +86 186 0028 5801

 

 

 

 

 

 

 

Dear Mehek,

Thank you for the notification. I will take into account the proposed time.

Let me ask you to send draft loan agreement earlier, because according to our internal procedures we have to obtain the authorization for negotiations which takes several days.

Thank you in advance,

Regards,

Niko

 

 

*OFFICIAL USE ONLY

Dear Mr. Gagua,

 

Our Investment Committee (IC) for Appraisal Review of the Georgia Emergency COVID-19 Response Project has been scheduled on May 05, 2020.

 

Immediately after receiving IC clearance, we will share our Approved Negotiations Package with you for your perusal.

 

We hope to be able to start Negotiations for the AIIB loan on May 07, 2020 and conclude on the same day. Request you to kindly reserve some time (around 3-4 hours) on May 07 for our discussions.

 

Look forward to receiving your confirmation regarding whether the proposed date for the start of negotiations is convenient for you and the team from MoILHSA.

 

Thank you.

 

 

Best regards,

AIIB Project Team

 

 

 

Mehek Marwaha

Investment Operations – Region 2

Asian Infrastructure Investment Bank

mehek.marwaha@aiib.org | T +86 10 8358 0462 | M +86 186 0028 5801