Georgian PM hails double-digit economic growth, increase in FDI at Investors Council meeting

Georgian prime minister Irakli Garibashvili on Wednesday praised his government’s efforts for ensuring a double-digit economic growth on the backdrop of worldwide economic challenges caused by the Russia-Ukraine conflict at an Investors Council meeting in Tbilisi.

• Georgian PM: “unprecedented” economic growth of 10.3% “result of reasonable policy”

At the meeting hosted in his government offices, the PM said he hoped the country would maintain the “positive economic trends”, the government administration said.

Discussing business and economy topics with the council - a platform chaired by Garibashvili to facilitate a dialogue between the government, business community, international financial institutions and donors in a bid to promote business and investment opportunities in Georgia - the head of the government also pointed to an increase in foreign direct investments. 

• Economy minister vows “higher than forecast” growth this year

He pointed out FDI had been “more than doubled” over the first six months of the year and reached the figure of $922 million, calling the development  “an important reason for optimism”. 

The prime minister also briefed foreign donors, diplomats, representatives of international financial institutions and domestic officials about current political and economic developments in the country and the government’s plans and priorities for next year. 

Investors Council is funded by the United Kingdom government’s Good Governance Fund through the European Bank for Reconstruction and Development, and is supported by the government of Georgia.