The aim of the project was the development of multipliers to assess the indirect impact on job creation, investment, and enhanced revenues on the Georgian economy.

On the 17th of January, the Government of Georgia approved the Regulatory Impact Assessment (RIA) Methodology. This is an incredible step towards evidence-based policy-making that will contribute to the country’s economic development and future prosperity.

The study analyzes pecuniary economic costs and benefits associated with new policies on maternity, paternity, and parental leave in Georgia, using a state-of-the-art methodology utilized in EU member countries.

Build the capacity of the representatives of Parliament of Georgia and executive agencies to understand and apply the RIA methodology. Georgia is in the process of institutionalizing RIA as an integral part of policy-making, both in the executive and legislative branches of government.

We started forecasting the annual growth rate at the start of 2014 (see our January 2014 and February 2014 publications for a note on methodology). Based on January’s data, we expect annual growth in 2017 to be 6.2% in the worst-case or “no growth” scenario, and 6.6% in the best-case or “average long-term growth” scenario. Our “middle-of-the-road” scenario (based on the average growth in the last four quarters) predicts a 6.3% real GDP growth in 2017.