“All financial institutions have expressed their readiness not only to continue existing cooperation but also to finance new projects in Georgia,” the Minister of Finance Lasha Khutsishvili announced at the forum of Georgia’s Financial and Investment Policy.
Khutsishvili opened the forum by presenting an overview of the current economic situation, macroeconomic indicators, and medium-term forecasts. He also shared details about negotiations conducted by the Ministry of Finance during the annual meetings of major international financial institutions—EBRD, ADB, WB, IMF, and AIIB—held in April and May of this year.
According to the Minister, Georgia has faced significant economic challenges over the past four years, especially in ensuring macroeconomic and fiscal stability.
“Achieving macroeconomic and fiscal sustainability was essential to building a solid foundation for future development. Over the past four years, Georgia has accomplished this. The budget deficit decreased from 9.3% to 2.4%, external debt dropped from nearly 60% to 36% of GDP, and the current account deficit reached a historic low of 4.4%. Inflation is close to the target, and all key macroeconomic indicators are aligned,” said Khutsishvili.
He emphasized that Georgia is among a small number of countries that have managed to restore fiscal sustainability in a relatively short period, positioning it as a strong and reliable partner for financial institutions.
“For financial institutions, like banks, stability is crucial. Today, Georgia is among the top 3-4 countries globally with no concerns over fiscal sustainability,” he stated. “This confidence is reflected in the willingness of financial institutions to expand cooperation and fund new projects. For instance, during the Asian Development Bank’s annual meeting, we signed a major agreement that will add around 700–800 megawatts of renewable energy capacity to Georgia’s power grid. These positive developments suggest we can expect more announcements in the near future.”
Khutsishvili also discussed the findings of a two-week mission by the International Monetary Fund. He noted that the IMF confirmed the accuracy of the Ministry’s ongoing financial data and forecasts.
“The IMF report clearly highlights that Georgia has built sufficient fiscal buffers to withstand potential future crises, with all fiscal indicators showing improvement even compared to the pre-pandemic period,” he said.
He underscored the importance of continuing large-scale investment projects in infrastructure, energy, and logistics, while also emphasizing the growing potential of Georgia’s IT sector.
Regarding negotiations with investment banks, Khutsishvili stated that Georgia’s improved credit ratings and advancements in economic and governance quality were once again validated, along with the readiness of investment banks to deepen their engagement with the country.
