On April 12, the ISET Policy Institute hosted an enlightening presentation titled 'The Asian Development Outlook 2024,' spearheaded by Mr Kiyoshi Taniguchi, Regional Lead Economist at the Asian Development Bank (ADB).
Following the collapse of the Soviet Union, Georgia faced significant economic challenges, including political instability and conflicts. This resulted in a severe economic recession in the 1990s, with GDP contracting sharply.
Employment and prospective occupations were the subjects of lively debate at the recent economic forum that took place in Davos in January 2024. Globally, the transition of economies to green standards will generate an additional 69 million jobs. In the meanwhile, technological advancements and economic recessions pose a threat to the other 83 million available jobs.
On April 4th, ISET Policy Institute hosted a public seminar with discussions centered around air pollution, poverty, and equity in Tbilisi. Led by Alan Fuchs and Sandra Baquie from the Poverty and Equity Global Practice at the World Bank, the public seminar titled 'Poverty and Distributional Consequences of Air Pollution in Tbilisi' provided a platform for in-depth exploration and dialogue on this pressing issue.
In June 2023, responding to appeals from the Georgian Flour Producers Association, the Georgian government imposed a temporary import duty on wheat flour imported from Russia. This advocacy by the Association began after Russia implemented a “floating tariff” on wheat in 2021, making wheat imports more expensive compared to wheat flour.