ISET

On May 22, ISET hosted Francois Painchaud, the IMF Resident Representative in Georgia. Mr. Painchaud presented the 2017 May Regional Economic Outlook for the Caucasus and Central Asia, highlighting the three main areas of the global and regional environment, outlook and policy actions, and policy priorities.

At the beginning of the presentation, Mr. Painchaud overviewed the main trends in the global and regional environment. Firstly, the IMF predicts higher than expected real GDP growth in 2017, mainly at the expense of higher growth projections in the US, China, Russia, and emerging markets.

On April 10, ISET students delivered yet another policy seminar. A presentation entitled “Foreign Direct Investment (FDI) & Economic Growth. Case of Georgia” was delivered by Givi Gujaraidze, Tinatin Mumladze, Kristine Gureshidze, and Shota Bakhuashvili under the supervision of Eric Livny, President of ISET, and Yaroslava Babych, Head of Macroeconomic Policy Research Center at ISET Policy Institute. The presentation was mostly oriented towards the case of Georgia. It aimed to highlight the importance of FDI for the Georgian economy and show the impact of FDI on growth rates of different sectors of the economy. The presentation provided information about the country’s investment environment: why is Georgia an attractive country for foreign investors and why is it easy to do business in Georgia. Additionally, the last part of the presentation discussed examples of successful FDI projects in different areas.

On Thursday March 21, ISET hosted the Governor of the National Bank of Georgia (NBG), Mr. Koba Gvenetadze, who delivered a profoundly informative lecture to the ISET Community. Mr. Gvenetadze covered important aspects of long-term development challenges facing the Georgian economy based on the accumulated experience of past development in the country. The main topic of the seminar was a general overview of macroeconomic considerations in Georgia, future perspectives, and coordination between fiscal and monetary policies. The discussion about the recent hike in excise taxes, the “larization” program and de-dollarization measures, has now been enlivened inside the ISET community.

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