Georgian government to unveil anti-crisis economic recovery plan

The government of Georgia will unveil an anti-crisis economic recovery plan on April 24, 2020, which will include measures for targeted social and business support.

The plan will also detail the gradual removal of the current restrictions. 

• Gov’t presents coronavirus anti-crisis plan for Georgian business: What support can business expect?

The government has already implemented some of the measures including:

• utility bill payments for the general public in the first three months of the pandemic
• establishing price controls for nine critical food items
• tax concessions for the private sector
• postponement of loan payments for individuals and the corporate sector for three months

Georgia will receive $3 billion in aid for both the private and public sector over the course of 2020 from international financial institutions and other partner organisations.

• Donor organisations ready to provide $3 billion to Georgia in 2020

The state of emergency is likely to be extended in Georgia until May 22, while the restrictions on use of private cars, which entered into force on April 17, will be maintained through April 26.