ISET

ISET Policy Institute started working on the Regulatory Impact Assessment (RIA) on the selected topics under the Draft Law on Insolvency Proceedings. In this project, ISET is partnering with the Berlin Economist, the German consulting group.

The project aims to conduct a RIA in light of 2030 Agenda requirements on following important topics under the draft law on insolvency proceedings:

1. establishment of a new profession of Insolvency Practitioners, their rights, duties and authorization to take insolvency appointments;

2. rights of the creditors under insolvency regimes (including ranking of creditors and pertaining risks);

On November 27, ISET hosted Francois Painchaud, the Resident Representative of the International Monetary Fund (IMF) in Georgia. Mr. Painchaud presented the 2017 October Regional Economic Outlook for the Caucasus and Central Asia (CCA) region, covering the global and regional environment, outlook and policy actions, and policies to help maintain macroeconomic stability and how to secure higher and more inclusive growth.

At the beginning of the presentation, Mr. Painchaud overviewed the main trends in the global and regional environment. Strengthening economic conditions in the region’s main trading partners and stabilizing the commodity prices, combined with continued implementation of structural reforms are anticipated to support the recovery. Growth in the CCA region started to pick up during the second half of 2016, and is expected to accelerate, but medium-term growth is forecast to remain below historical norms.

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