PM: Reforms in Georgia are Developing the Economy

Georgian Prime Minister, Mamuka Bakhtadze says that the implemented reforms in the country are successful and they develop the economy.

“Our main goal is to make Georgia more effectively integrated to the world economy. It is essential to transform Georgia into a regional leader and economic hub. Otherwise, we will find it hard to overcome the economic challenges that we face,” the PM stated at the joint press-conference with Mercy Tembon, Regional Director of the World Bank.

Bakhtadze said that Georgia’s progress in the Doing Business 2019 report, where it takes the 6th place among 190 countries, in terms of the ease of doing business, means a tremendous step has been made forward towards integrating the country in the global economy.

“It means that reforms implemented by the Government of Georgia are successfully serving the economic development of our country and it is indeed dually gratifying that most reputable organizations of the world grant preference to Georgia in such significant - and I would say - most prestigious international ratings,” he added.

The PM noted that government’s aim is to make Georgia more effectively integrated in the world economy and to transform Georgia into a regional leader and economic hub.

“Annual improvement of country ratings and advancement of Georgia is a pre-requisite that our country will turn into an unconditional leader not only in the Caucasus, but in the greater region in terms of economic development and ease of doing business. Georgia is already one of the most reliable economies in the world and we plan to further improve our results. The vision of our government is that Georgia should be in the top 5 in all the international ratings,” he claimed.

Bakhtadze thanked the economic team of the government for their work and contribution to the advancement of the country.

“We have a lot of economic challenges in Georgia, though most important of all is the poverty. Ultimately, such success stories will help us in making Georgia stronger in economic terms and turning it into a regional economic hub. It is a pre-requisite for eradicating poverty in Georgia once and forever,” he added.

By Thea Morrison

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01 November 2018 10:00