2020-05-01
The economic team of the government, the National Bank, and analytical and research organizations discussed the economic consequences of the epidemic and the main points of the government's Post-Crisis Economic Plan within the format of a consultation platform, on the prime minister's instruction. Prime Minister's Advisor on Economic Affairs Beka Liluashvili headed the video conference. Deputy Finance Minister Nikoloz Gagua and National Bank Vice President Papuna Lezhava also participated in the meeting.
The aforementioned platform was created on the prime minister's instruction. Within its framework, the government's economic team - together with the National Bank, nongovernmental organizations, and consulting companies - reviews important issues pertaining to the Anti-Crisis Plan, as well as the Post-Crisis Program that must ensure the fast recovery of the country's economy and a return to positive trends.
Topics of discussion included the following important issues: Additional measures in the Post-Crisis Plan to support the tourism sector; supporting the construction and development sector and major businesses; pursuing a foreign direct investment support policy and developing corporate management in the private sector as a post-crisis instrument.
Analytical and research organizations participating in the meeting positively assessed the measures implemented by the government within the framework of the Anti-Crisis Plan. Opinions were expressed in connection with the Post-Crisis Economic Program - the organizations will present their recommendations to the government in the near future.
Also, the main issue raised by the nongovernmental organizations and addressed to the National Bank concerned the provision of GEL liquidity. According to the National Bank, several additional instruments that may help reduce the interest rates that exist on the market today will be created.
The economic team of the government will hold regular meetings with the National Bank and analytical and research organizations. The USAID Economic Governance Program is involved in the meetings; it supports the consultation platform of the Georgian Government and research organizations on the impact of the epidemic on the country's economy.
Press Service of the Government Administration