Prime Minister of Georgia held an Executive Government Meeting at the Government Administration today.

Prior to the meeting, Irakli Garibashvili made several statements. He first referred to the Fitch Ratings, according to which Georgia has maintained its sovereign credit rating at BB, while outlook has been upgraded from negative to stable. The Head of the Government believes that the country has practically returned to its pre-pandemic indicator with the released ratings.

“Outlook has been upgraded predominantly for the quicker-than-expected economic recovery, strong and convincing macroeconomic policy and high international support, according to the Fitch Ratings.

We see that the economy is truly recovering with an impressive pace indeed. Indicator has reached 12.7% in the past 6 months and it is truly optimistic.

In addition, Fitch Ratings has upgraded our economic growth projection to 7.8% against the background of a higher-than-expected economic performance. Our goal is to reach an investment rating by 2025, which is only 2 steps away from our current status.

Decision made by Fitch Ratings is believed to be a significant message to international investors on the quick economic recovery witnessed in the country”, - concluded Irakli Garibashvili.