Ivane Matchavariani (born February 11, 1974) Georgian businessman, economist, former

Vice Prime Minister A deputy prime minister or vice prime minister is, in some countries, a government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to that of a vice president, ...

and Finance Minister of Georgia. Prior to becoming a member of the Georgian government, Matchavariani worked in various positions at Geocell LLC part of the

TeliaSonera Telia Company AB is a Swedish multinational telecommunications company and mobile network operator present in Sweden, Finland, Norway, Denmark, Estonia, Latvia and Lithuania. Telia also owns TV4 Media which includes TV4 in Sweden, MTV Oy in Fi ...

group for 21 years.

Ministerial career

On July 12, 2018, Ivane Matchavariani was appointed as a Minister of Finance of Georgia. From the period of his appointment as a Minister of Finance of Georgia in 2018 to his resignation in 2021, Ivane Maatchavariani initiated and actively participated in numerous reforms: Pension reform,

VAT A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the en ...

refund reform, insolvency legislation, harmonizing tax and custom code to European legislation, PPP Law, Capital Market reform, and many more. In 2019 after a seven-year-long pause all three rating agencies ( S&P FITCH,

MOODY’S Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international ...

) raised Georgia's investment rating by one notch reaching BB. Also during Matchavariani's ministerial tenure Georgia achieved the highest level of transparency in public finance management, bringing the country to the position of the top five in the open budget index. In August 2019 after the appointment of Prime Minister

Giorgi Gakharia Giorgi Zauris dze Gakharia ( ka, გიორგი ზაურის ძე გახარია; born 19 March 1975) is a Georgian politician who served as the 14th Prime Minister of Georgia from 8 September 2019 until his resignation on 18 F ...

, Ivane Matchavariani remained on the post of the Minister of Finance of Georgia in Prime Minister Gakharia's cabinet of ministers. Covid meeting

In the period of the Covid -19 Pandemic in 2020, Ivane Matchavariani actively conducted negotiations for accumulating financial resources through various international financial institutions. As a result, Georgia became one of the largest recipients of financial assistance per capita. From September 2020 Matchavariani was the managing director of the

Asian Infrastructure Investment Bank The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 105 members, including 14 prospective members from around the world. The br ...

(AIIB). In 2020 after winning the parliamentary elections, the

Georgian Dream Georgian Dream – Democratic Georgia ( ka, ქართული ოცნება – დემოკრატიული საქართველო, ''Kartuli ocneba – Demok’rat’iuli Sakartvelo'') is a social democratic political ...

party completed the government where Matchavariani has been appointed as the Minister of Finance for the third time. In February 2021 after resignation of Prime Minister Gakharia, Ivane Matchavariani was appointed as the

by the new Prime Minister

Irakli Gharibashvili Irakli Garibashvili ( ka, ირაკლი ღარიბაშვილი, also transliterated as Gharibashvili; born 28 June 1982) is a Georgian politician and a former business executive who serves as the prime minister of Georgia since 22 ...

. On March 31, 2021, Ivane Matchavariani resigned from the post of Minister of Finance and the Vice Prime Minister of Georgia.

Early life and education

Ivane Matchavariani was born on February 11, 1974, into a family of medical doctors in Tbilisi, Georgia. His father Otar Matchavariani was a psychiatrist. His mother Irina Gigineishvili – a gynecologist. Matchavariani's paternal grandfather Ivane Matchavariani served as a regiment commander during

WWII World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. Maternal grandfather Polikarpe Gigineishvili, was a prominent Georgian agriculturalist, doctor of science, and scholar. In the years 1960 to 1964 and later in 1971 Polikarpe Gigineishvili served as an adviser in Agricultural affairs to the President of

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...

Ho Chi Minh (: ; born ; 19 May 1890 – 2 September 1969), commonly known as ('Uncle Hồ'), also known as ('President Hồ'), (' Old father of the people') and by other aliases, was a Vietnamese revolutionary and statesman. He served as Prime ...

. Ivane Matchavariani graduated from Tbilisi secondary school #23 in 1991. In 1996 he graduated from

Ivane Javakhishvili Tbilisi State University Ivane Javakhishvili Tbilisi State University ( ka, ივანე ჯავახიშვილის სახელობის თბილისის სახელმწიფო უნივერსიტეტი ''Ivane Javaxishvi ...

with a master's degree in

Economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

. Ivane Matchavariani is Fluent in English and Russian.

Business career

Ivane Matchavariani worked at Geocell LLC for 21 years holding a variety of managerial positions at the company. From June 2006 to May 2013 he was the Chief Financial Officer of Geocell, and from May 2013 to May 2018 he served as a Chief Commercial Officer of Geocell.

Personal life

He has been married since 1999 and has two children.

Other activities

(AIIB), Ex-Officio Member of the Board of Governors (since 2018) *

European Bank for Reconstruction and Development The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focus ...

(EBRD), Ex-Officio Member of the Board of Governors (since 2018) *

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

(IMF), Ex-Officio Alternate Member of the Board of Governors (since 2018) * Multilateral Investment Guarantee Agency (MIGA),

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...

, Ex-Officio Member of the Board of Governors (since 2018) *

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

, Ex-Officio Member of the Board of Governors (since 2018)Board of Governors

References

{{DEFAULTSORT:Matchavariani, Ivane 1974 births Living people Tbilisi State University alumni Finance ministers of Georgia Government ministers of Georgia (country) 21st-century politicians from Georgia (country) Politicians from Tbilisi