Minister of Finance Ivane Machavariani has resigned. Machavariani posted the relevant statement on the social network.

Machavariani did not name a reason for his resignation, but explained that he planned to step down at the end of last year, but the decision was postponed for several months due to the important negotiations with the International Monetary Fund and the crisis budget approval process.

“I would like to announce my decision to resign as Deputy Prime Minister and Minister of Finance. I have to say that after almost three years of working as the Minister of Finance, I was planning to resign at the end of last year, but due to the 2021 crisis budget approval procedure and important negotiations with the International Monetary Fund, I decided to wait for several months.

It was an honor for me and at the same time a great responsibility to work with the Georgian Dream political team - with government leaders, with my colleagues in the Cabinet of Ministers, with members of parliament”, reads the Machavariani’s statement.