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IFAD: GEORGIA SHOWS HIGHEST INDICATOR IN REGULATORY QUALITY CATEGORY

On November 19 the Caucasus University Center for Economy and Health Research (CU EHRC) held a final forum:IFAD Expertise – Georgia Government’s Management Quality.

The forum was proposed by the EHRC analytical laboratory: International Monitoring Center of the Government. The Forum discussed a report on expertise developed by the UN International Fund for Agriculture Development as part of the Worldwide Governance Indicators (WGI) of the World Bank (WB).

IFAD has assessed the regulatory quality indicators in various countries. The indicator consists of three components: 1) Enabling Conditions for Rural Financial Services Development; 2) Investment Climate for Rural Susinesses; 3) Access to Agricultural Input and Product Markets.

According to the IFAD report, the highest indicator in this category was registered in 2013 and the figure marked 80%, up 17% compared to the 2004 to 2012 period. The figure takes Georgia ahead of Azerbaijan and Turkey, but leaves the country behind Armenia by 2%.

The 2013 IFAD report on Regulatory Quality contains indicators from 97 countries (excluding European countries). In the report the top three places are occupied by Mauritius, Armenia and Thailand, while Georgia ranks 4th.

Enabling Conditions for Rural Financial Services Development

Under the IFAD report, the 2013 indicator of Enabling Conditions for Rural Financial Services Development marked 80%, up 11.7% compared to the 2004 to 2012 period. The highest figure was recorded in 2009 that dropped to 70% in 2012, but returned to the 2009 level in 2013.

The 2013 indicator makes Georgia at the same level with Armenia and is ahead of Azerbaijan and Turkey by 20% and 15% respectively.

The ten top countries in terms of the Enabling Conditions for Rural Financial Services Development are as follows:

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Investment Climate for Rural Businesses

Under the IFAD report, the 2013 indicator in terms of Investment Climate for Rural Businesses marked 86.6%, up 24% compared to the 2004 to 2012 averaged indicators. The highest figure for the last 9 years emerged in 2013. The figure stood at 66.6% in 2011 and 2012, down 20% compared to the 2013 indicator.

Georgia is ahead of Azerbaijan by 26.6% in terms of the 2013 Investment Climate for Rural Businesses indicator, comes behind Turkey by 6.8% and is at the same level with Armenia.

The ten top countries in this category are as follows:

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Access to Agricultural Input and Product Markets

Under the IFAD report, the 2013 Access to Agricultural Input and Product Markets indicator marked 73.4%, up 15.4% compared to the 2004 to 2012 period. The indicator stood at 60% in 2011 and 2012, down 13.4% compared to the 2013 indicator.

Georgia is ahead of only Azerbaijan with 30% in this category.

The ten top countries in terms of Access to Agricultural Input and Product Markets indicator are as follows:

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