The newly established Georgian Investors Council has held its first meeting, chaired by Prime Minister Irakli Garibashvili, in Tbilisi.
Government officials, representatives of local business associations and International Financial Institutions (IFIs) discussed key challenges affecting the business climate in Georgia and how to further support the development of the private sector, according to EBRD.
Key steps towards achieving this goal are reforms and policy dialogue between the government and the private sector. Continuous interaction allows the legal and regulatory environment to be shaped in a way that is favorable to attracting investment and sustainable economic development.
The Georgian Investors Council was established in May 2015 when Prime Minister Irakli Garibashvili and EBRD President Sir Suma Chakrabarti, as well as the other founding members, signed a Memorandum of Understanding which sets out the principles and goals of the institution.
The objective is to facilitate constructive dialogue at the highest level, bringing together representatives of the government, state agencies, local and international business associations and the business ombudsman, in order to further improve the business climate, advance economic development and attract additional investors to Georgia.