MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Minister of Economy and Sustainable Development, Mariam Kvrivishvili, held a meeting with representatives from major international investment banks, including a delegation from JP Morgan. The parties discussed Georgia’s economic progress, reforms as well as large-scale state and private investment projects.

Minister Kvrivishvili emphasized that the government’s strategy focuses on diversifying the financial system and strengthening the capital market. She noted that legislative reforms implemented in recent years have already established the necessary legal and institutional foundations for modern markets. The success of these reforms is evidenced by the growing interest from investors, particularly regarding the implementation of large-scale projects.

The Minister highlighted the Capital Market Reform, which has moved into a new phase following the completion of the legislative framework. She reviewed the Capital Market Support Program, which has significantly expanded the corporate bond market the volume of bonds currently in circulation has exceeded 2,7 billion GEL and this figure represents more than a twofold increase compared to recent years.

It was also noted at the meeting that at the beginning of the current year, Georgia successfully issued 500 million USD in Eurobonds, which generated significant interest from global investors. During the meeting, it was emphasized that the market is still in its early stages of development and the government plans to strengthen support for the development of both private equity funds and other alternative financing instruments.

The meeting was also attended by Natia Turnava, President of the National Bank of Georgia, and Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development.