Georgia overview

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Dam in Georgia

In Georgia we focus on:

Supporting private sector competitiveness through innovation, enhanced value added and convergence with Deep and Comprehensive Free Trade Area (DCFTA) standards and obligations. We will continue supporting SMEs and the local private sector via the well-developed local banking sector with a focus on high-potential areas such as agriculture, hospitality and innovation where we plan to deploy support in workforce training skills focused on regional inclusion, youth and gender.

Deepening financial intermediation and developing local currency and capital markets to enable the private sector to have better access to finance.

Expanding markets through inter-regional connectivity, expanding Georgia’s potential as a regional link through further modernisation of the country’s infrastructure. The EBRD will explore the financing investments under private-public partnership frameworks that will enable Georgia to take advantage of its geographic position between the South Caucasus, Central Asia and Europe.

Renewable energy, resource efficiency and climate change adaptation to improve competitiveness and resilience of the economy. We will continue supporting the creation of renewable generation capacity in hydropower, wind and possibly solar, as well as building transmission lines to connect with regional markets. A special Energy Efficiency Action Plan will be developed to tackle excessive energy consumption.

Georgia has contributed €3 million to the Eastern Europe Energy Efficiency and Environment Partnership Fund.  Georgia is both a donor and a beneficiary of the fund.

The EBRD’s latest Georgia strategy was adopted on 14 December 2016

 
 

Georgia's policy response to the coronavirus crisis

The EBRD is monitoring Georgia's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

Current EBRD forecast for Georgia’s Real GDP Growth in 2021 4.5%

Current EBRD forecast for Georgia’s Real GDP Growth in 2022 5.5%

The Georgian economy is demonstrating signs of strong recovery. As one of the most tourism dependent countries in the EBRD regions, Georgia’s economy was strongly hit in 2021 by border closures and health measures around the world. Tourism revenues were slashed by 83 per cent in 2020, leading to a 38 per cent decline in the
exports of goods and services. Investment contracted on the back of uncertainty and adverse conditions in the economy. However, household consumption demonstrated resilience despite the two lockdowns and grew by 5.4 per cent. Overall GDP contracted by 6.2 per cent in 2020.
 

Georgia in the EBRD’s 2020-21 Transition Report

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