PM highlights Georgia’s “fastest-growing” economy at UN Sustainable Development Goals Summit
Georgian Prime Minister Irakli Garibashvili at the United Nations General Assembly’s Sustainable Development Goals Summit in New York. Photo: PM's press office
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Georgian Prime Minister Irakli Garibashvili on Tuesday highlighted Georgia as a “global hub for business and finance” and one of the world’s “fastest-growing” economies while addressing the United Nations General Assembly’s Sustainable Development Goals Summit in New York.
Garibashvili highlighted Georgia’s double-digit economic growth by presenting the figures recorded in 2021 and 2022, telling the event growth also remained “high at 7.2 percent between January-July of 2023”.
He noted his Government had devised a localisation plan in 2021 to integrate the Sustainable Development Goals “at the grassroots level”, adding 32 out of 64 municipalities in Georgia were contributing to SDGs through the plan and every municipality was expected to join it by 2025.
Photo: Gov't Administration
Garibashvili said the localised effort was aligned with the Government’s Vision 2030 development strategy for the country, which outlined key priorities for development in compliance with the UN’s Sustainable Development Agenda.
Our Government additionally seeks to build coordination capacities and transparency mechanisms. To this end, we have created a monitoring system for the UN Sustainable Goals national agenda for real-time updates on SDG targets”, he told the Summit.
The Georgian PM also said his country’s position as a “responsible global actor” advancing the 2030 Agenda was reflected in its “numerous policies” aimed at reducing poverty, promoting social inclusion, improving education access, developing renewable energy, and utilising eco-friendly tourism practices.
Georgian Prime Minister Irakli Garibashvili on Monday featured in the opening of the United Nations’ Sustainable Development Goals Summit in New York, the Government Administration said.
Georgian economy grew 7.5 percent year-on-year in the second quarter of 2023 while the nominal gross domestic product amounted to ₾19.28 billion ($7.35bln), the National Statistics Office said on Monday.
Georgian Prime Minister Irakli Garibashvili on Friday said the Government had raised its growth forecast for 2023 from the earlier five to 6.5 percent and was adjusting the state budget with a ₾500 million ($190mln) increase based on the increased growth rate.
Georgian Deputy Economy Minister Vakhtan Tsintsadze on Thursday said the Government’s “reasonable” macroeconomic policy was ensuring Georgia's resilience to external shocks and “positive trends” of economic growth would be maintained in the coming months.
Georgian Prime Minister Irakli Garibashvili on Tuesday hailed the Georgian Intelligence Service as an “institution of modern European standards” on the professional day of the Service.
Georgian Prime Minister Irakli Garibashvili on Tuesday said his Government was “turning words into actions” by aligning national policies with the United Nations General Assembly’s Sustainable Development Goals.
The Asian Development Bank on Wednesday said high foreign direct investment and lower unemployment had supported “strong growth” for the Georgian economy, and raised its growth forecast for 2023 from the earlier 4.5 to six percent. “The growth will moderate slightly to five percent in 2024, in light of an expected return to growth potential and possible fallout from slowing global expansion”, the ADB said.
Georgian Prime Minister Irakli Garibashvili on Friday said "thanks to the Government’s pragmatic foreign policy”, Georgia “has sustained economic growth over the past decade” and “has experienced double-digit economic growth for two consecutive years, with a GDP growth rate of over 10 percent in 2021 and 2022”.
The Georgian economy grew seven percent year-on-year in January-August and 5.8 percent in August alone, the National Statistics Office said on Friday.
Georgian Economy Minister Levan Davitashvili on Wednesday said the Government was able “not only to maintain economic stability but also to ensure double-digit growth” for two years in a row “despite challenges”.
Georgian Prime Minister Irakli Garibashvili on Monday said the Government’s “correct policy” had led to the “record-high” figure of 1.366 million employed individuals across the country in the third quarter of 2023.