Finance

Georgia’s fiscal indicators have returned to safe levels - Lasha Khutsishvili

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Tbilisi (GBC) - Lasha Khutsishvili, Minister of Finance of Georgia is on a working visit to London, UK, to participate in the Annual Meetings of the European Bank for Reconstruction and Development (EBRD).

As part of the visit, a series of meetings with international investors (a non-deal roadshow) was held in London, initiated by the Ministry of Finance of Georgia and organized by the investment banks JP Morgan and ICBC.

In addition, the Georgian delegation was invited to participate in a Georgia-focused panel organized by Bank of America.

During these events, the Minister of Finance provided investors with information on the country’s economic situation, presenting macro-fiscal parameters and medium-term forecasts. The meetings highlighted Georgia’s strong economic growth in the post-pandemic period.

“The Government of Georgia places profound emphasis on fiscal discipline, which, in the context of managing the crises of the pandemic and post-pandemic periods and the current geopolitical developments, is a key pillar for ensuring high economic growth. Thanks to this fiscal discipline, today Georgia’s fiscal indicators—such as debt and deficit—have returned to safe levels, which allows us to actively continue financing major infrastructure projects and implementing structural reforms to enhance the country’s attractiveness to investors,” stated the Minister of Finance of Georgia.

Representing Georgia at the events were H.E. Lasha Khutsishvili, Minister of Finance of Georgia; Natia Turnava, Governor of the National Bank of Georgia; Ekaterine Guntsadze, Deputy Minister of Finance of Georgia as well as other representatives of MOF and NBG.

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