Georgia’s position in the 2021 Global Governance Efficiency Index has risen by eight places, making the country a competitor among World Bank member states and the top 20 countries in Europe.
The Governance Sub-Index of the Global Sustainable Competitiveness Index shows that Georgia ranks 21st among the world's 180 countries in the Governance Rankings.
Georgia surpassed France, Canada, the Netherlands, Australia, Italy, Portugal and other leading countries in the Governance Efficiency ranking.
Georgia surpassed France, Canada, the Netherlands, Australia, Italy, Portugal and other leading countries in the Governance Efficiency ranking. Photo: SolAbility.com.
The Governance Sub-Index is based on a quantitative evaluation of government cohesion (public services, educational budget, military spending), infrastructure (investments, roads, transmission), business environment (ease of doing business, business registration, sector developments), corruption (corruption index, bribery prevalence, red tape), and financial stability (austerity, exposure to financial shocks, financial regulation).
Responding to the recently published research, the Head of the Government Administration Ilia Darchashvili noted that Georgia has once again shown concrete, tangible results on international indices and surveys.
Darchiashvili said that being among the World Bank members and the top 20 European countries, Georgia will further raise its status in the international arena.
Ilia Darchiashvili also said that such a position will help Georgia quickly recover its economy in post-pandemic conditions.