Despite the difficult geopolitical situation and global economic decline, Georgia managed to maintain economic stability. Such a statement made today the Prime Minister of Georgia, while delivering speech at the World Government Summit.

“I want to thank the President of the host country, the United Arab Emirates, His Highness Sheikh Mohammed bin Zayed Al Nahyan, the Vice President and Prime Minister of the UAE, the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and the honorable members of the host Government.

The UAE has always been at the forefront of innovation and progress, and this summit is a sign of the country’s unwavering commitment to global cooperation.

The theme of this year’s summit is shaping the governments of the future and is particularly relevant in anticipation of a new era of technological, social and economic progress.

Today’s meeting gives me the opportunity to speak before you to create a better future. Our Government has a vision for a strong Georgia that is committed to the idea of a free market economy and democratic institutions, and this is reflected in our multi-dimensional approach that provides stability, sustainability and predictability for the Georgian people.

We have developed an efficient and effective policy and our vision implies strong action despite the difficult geopolitical situation and global economic decline, Georgia has managed to maintain economic stability.

Our Government has launched a multifaceted effort at the national level to increase investment in public assets. Due to the strong economic policies of the government, as well as increased economic activity in transport and logistics, financial services, construction, energy and services, including tourism, the trend of high economic growth continued in 2022.

After 10.5% economic growth, 10.1% growth was recorded in 2022. According to the forecast of the International Monetary Fund, in 2023-2027, Georgia will have the highest growth among the countries of the region and Europe, and it will be an average of 5% per year”, - said Irakli Garibashvili.