EC Library Guide on country knowledge: Georgia: Selected publications
A selection of publications from international organisations
- Georgia: Technical assistance report-operationalizing the new bank recovery and resolution framework
International Monetary Fund, 2023.
This technical assistance report on Georgia focuses on operationalizing the new bank recovery and resolution frameworks. The Georgian authorities have indicated their interest in operationalizing their recovery, resolution, and crisis management frameworks. The report highlights the need to analyze alternatives to the current temporary public funding arrangements, especially the scope to deploy all such funding through the Resolution Fund and the potential use—subject to strict safeguards—of the deposit insurance fund to finance resolution actions.
Georgia has made considerable progress in developing the infrastructure needed for an effective bank recovery and resolution regime. The current escalation process from going-concern to gone-concern does not provide the supervisors with sufficient and adequate triggers to mitigate risks at a sufficiently early stage. The mission recommends clarifying Article 30 of the Banking Law, which explicitly mentions only the temporary administrator as early intervention measures. A key recommendation of the mission is to strengthen the National Bank of Georgia’s resolution function. The mission provided guidance on the general architecture of intra- and interagency contingency plans, which serve as the building blocks for a national financial crisis preparedness plan.
- Fostering business development and digitalisation in Georgia
OECD Publishing, 2022.
Fostering SME development and digital transformation helps increase productivity, in turn fostering stronger, more diversified and dynamic economies. The Government of Georgia has made significant policy efforts in recent years to build an environment conducive to private-sector development and entrepreneurship, and to support small and medium-sized enterprises in particular. The OECD has supported this reform impetus, working closely with the Ministry of Economy and Sustainable Development to help identify gaps and develop relevant measures to create a conducive policy environment for Georgian SMEs.
- A review of Georgian emigrants
OECD Publishing, 2022.
In recent years, Georgia has undergone important economic, social and political transformations. Given the significant emigration of the Georgian population and the recognition of the contributions of the diaspora, Georgian authorities are seeking to better understand this pool of talent residing abroad, which has great potential to contribute to the economic and social development of Georgia. This review provides the first comprehensive portrait of Georgian emigrants in OECD countries. By profiling Georgian emigrants, this review aims to strengthen knowledge about this community and thus help to consolidate the relevance of the policies deployed by Georgia towards its emigrants.
- Developing a water policy outlook for Georgia, the Republic of Moldova and Ukraine
OECD Publishing, 2021.
The OECD has been working on water policy reform in the countries of Eastern Europe, the Caucasus and Central Asia for over 20 years. Three of the countries within the region, Georgia, the Republic of Moldova and Ukraine have signed Association Agreements with the European Union. These agreements provide a framework for deeper political ties and stronger economic links with the EU and include commitments for approximation towards EU legislation including the Water Framework Directive.
Georgia, the Republic of Moldova and Ukraine have ambitious long-term strategic plans for their water sectors, which include fulfilment of requirements under the Association Agreements and international commitments including the Sustainable Development Goals. The water policy outlooks baseline the country policy framework and current performance and then define the long-term vision and aspirations to 2030. The outlooks aim to demonstrate the likelihood of the current policy framework to achieve the long-term objectives and desired future state of the water sector, and include identification of opportunities for improving policy coherence and policies that have the opportunity to improve the likelihood of success.
- Georgia 2020 energy policy review
IEA Energy Policy Reviews, OECD Publishing, 2020.
The International Energy Agency (IEA) conducts in-depth peer reviews of the energy policies of its members and non-member countries. This process supports a holistic approach to energy policy development and encourages the exchange of international best practices and experiences. This report is the first in-depth review conducted by the EU4Energy programme (implemented by the IEA and the European Union) in the 2019-2021 cycle. It updates and extends the analysis of energy policies in the countries of Eastern Europe, Caucasus and Central Asia that the IEA conducted in 2015.
Nevertheless, Georgia is still confronted with many challenges in its transition to a more secure, sustainable and affordable energy future. The government recognises most of them and is considering various measures to address them. There is room for the further strengthening of the country’s long-term energy strategy, raising institutional capacity and improving coordination between stakeholders to develop policies based on solid analysis of supply-demand trends and alternative scenario models. More efforts could be made to develop effective secondary legislation to accelerate the implementation of the EU energy acquis, and to gradually phase out implicit subsidies and cross-subsidies in the electricity and gas sectors. In this report, the IEA provides recommendations for further improvements of Georgia’s policies to help the country guide the transformation of its energy sector.
- Sustainable bioenergy for Georgia: A roadmap
International Energy Agency, OECD Publishing, 2020.
An overview of the prevailing institutional framework related to bioenergy and associated policies opens this roadmap, followed by a description of the wider context of bioenergy supply and consumption in Georgia. The body of the roadmap focuses on: ensuring sustainable biomass supplies; modernising the consumption of biomass.
Current Georgian practices are summarised for these two areas, and examples of international best practices in bioenergy from IEA member countries are offered. The roadmap then outlines the policies, technologies and management practices needed for Georgia to harness its biomass potential securely and sustainably. These are presented as a set of overarching policy actions, underpinned by detailed biomass supply and consumption recommendations. The recommended actions are compiled as a co-ordinated package of measures to be implemented during 2020-25 to modernise Georgia’s bioenergy industry and make it sustainable by 2030. The social, economic and environmental benefits for the country are summarised as a vision of Georgia’s modern bioenergy industry in 2030.
- Last Updated: Sep 24, 2024 2:34 PM
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