Finance minister reviews post-pandemic economic challenges at OECD panel discussion
Since 2011 Georgia has been a member of the forum, which currently has 165 member states, including all G20 and OECD countries, and has successfully ensured the implementation of international standards developed by the forum. Photo: Finance ministry
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Georgian finance minister Lasha Khutsishvili on Wednesday reviewed the post-pandemic economic challenges in the country in his address at the Organisation for Economic Co-operation and Development high-level panel discussion on Overcoming the Current and New Challenges of Transparency and Information Exchange.
During his speech Khutsishvili spoke about the role of cooperation and exchange of information in the tax field in the process of overcoming post-pandemic challenges and highlighted the “successful dynamics” of Georgia's cooperation with the Global Forum on Transparency and Information Exchange for Tax Purposes, as well as the reforms carried out by the country in terms of the development of the global standard of transparency and information exchange, the finance ministry said.
Grace Perez Navarro, the deputy director of the OECD's Centre for Tax Policy and Administration, moderated the panel discussion, held within the framework of the 15th annual plenary meeting of the forum in Seville, with the participation of the Georgian finance minister and his Spanish counterpart María Jesús Montero, the deputy prime minister of Samoa, Tuala Iosefo Ponifasio, and Jutta Urpilainen, the European Union commissioner for International Partnerships.
Since 2011 Georgia has been a member of the forum, which currently has 165 member states, including all G20 and OECD countries, and has successfully ensured the implementation of international standards developed by the forum.
Lasha Khutsishvili, the Georgian finance minister and Koba Gvenetadze, the head of the country’s National Bank, within the framework of the visit to the United States, held meetings with the executive director of the International Monetary Fund Paul Hilbers, the director of the Middle East and Central Asia department of IMF, Jihad Azour, and the director of the IMF fiscal affairs department, Vítor Gaspar.
Current and future projects funded in Georgia by the European Bank for Reconstruction and Development were discussed on Thursday in a meeting between the Georgian finance minister Lasha Khutsishvili and Jurgen Rigterink, the first vice president of EBRD.
Georgian economy minister Levan Davitashvili on Thursday said Georgia was expected to have a higher economic growth this year compared to estimations made by international financial institutions at the start of the crisis stemming from the war in Ukraine.
Georgian Finance Minister Lasha Khutsishvili spoke about his country’s potential in generating green energy at the European Bank for Reconstruction and Development's Annual Meeting and Business Forum in Morocco, the Ministry said.
The cooperation in the field of taxation between Georgia and Spain was discussed on Wednesday by the Georgian finance minister Lasha Khutsishvili and his Spanish counterpart María Jesús Montero, the finance ministry said.
Georgian Deputy Economy Minister Genadi Arveladze is participating in the ministerial meeting of the Organisation for Economic Cooperation and Development in Paris, under the theme of Promoting and Enabling Responsible Business Conduct in the Global Economy, the Economy Ministry said on Tuesday.
Georgian Finance Minister Lasha Khutsishvili on Wednesday discussed a pilot programme for the introduction of tax incentives, and the second stage of digital economy taxation in the country with representatives of the Organisation for Economic Co-operation and Development.
The Executive Board of the International Monetary Fund has completed the first review of the three-year Stand-By Arrangement for Georgia, enabling access to about $40 million for the country, the IMF said on Thursday.