Political polarization erodes trust in public institutions, it damages political process, negatively affects economic development, distracts social development and relationships in society, and it may eventually lead to the backsliding of democracy.
The Index shows an increase in media polarization since 2020, particularly acute since early 2022. While the Index captures significant polarization around specific events like elections, its response varies across different events and developments.
While there is a consensus on high polarization in Georgia as confirmed by the public perception of increasing polarization on one hand and the call of the country's development partners towards depolarization, there has not been any tool available to measure and monitor the polarization dynamics. On this basis, the ISET Policy Institute developed a media polarization index to explore and measure the dynamics of media polarization in Georgia.
The assessment of the progress in capital market development reform is based on the implementation of the initiatives outlined in the 2023-2028 strategy for capital market development. The objective of this strategy is to enhance access to finance through capital market instruments and to stimulate and mobilize capital for the Georgian market. The strategic vision aims for Georgia to position itself as the leading capital market in the region by 2028.
Assessing the progress of the SME Development reform (henceforth "SME reform") relates to the activities that have been implemented and are planned in accordance with the SME Development Strategy of Georgia 2021-2025. The strategy aims to restore positive trends that were present prior to the onset of the pandemic and to support the continued growth of small and medium-sized enterprises.