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 8 December 2021


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 7.5%

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

Economic activity in Georgia sharply increased in the second quarter of 2021, posting 29.9 per cent growth year-on-year and bringing GDP above the 2019 level. Cumulative GDP growth in the period January to August was 12 per cent year-on-year, even though tourism, the main driver of growth in recent years, is still far below pre-pandemic levels. Georgia’s current account deficit widened during 2021, as the increased exports of goods and remittances only partially balanced out the increased imports of goods and low level of exports of services (especially tourism revenues).

Georgia in the EBRD’s 2021-22 Transition Report

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