Georgian PM, Economic Council members discuss updated IMF forecast

The International Monetary Fund’s updated forecast, projecting the “highest” economic growth for Georgia - 5 percent average - among the countries of the wider region and Europe, in the medium term between 2023-2028, was discussed on Saturday by the Georgian Government’s Economic Council, led by Prime Minister Irakli Garibashvili.

The council highlighted Georgia’s “significant progress” in improving per capita income, and as it was noted, as a result of high economic growth poverty would decrease in the country, while employment and income of citizens would increase, the Government Administration said.

• Deputy Economy Minister: Georgia showing “best results” in updated IMF forecast

Giorgi Amilakhvari, Georgia's newly appointed Minister of Education and Science, briefed Garibashvili and the members of the Council on the vocational education plan and stressed the importance of developing all necessary mechanisms for the active involvement of the private sector in vocational education.

The conversation also touched on the reform of long-distance passenger transportation, within which bus stations and passenger transport operators will be specially certified, as a result of which service quality will improve and safety level will be increased. 

Energy projects in Georgia and new initiatives were also reviewed at the meeting, noting it would be prepared and submitted for approval to the Government “in a short time”.