On June 15, representatives from the World Bank, UNICEF, and ISET gathered to analyze challenges and achievements in Vocational Education and Training (VET) in Georgia, as a part of the Education Policy Forum. The event was opened by Ozan Sevimli (the World Bank Program Coordinator for the South Caucasus), Ms. Laila Omar Gad (UNICEF's Representative to Georgia), Eric Livny (President of ISET), and Ketevan Natriashvili (Deputy Minister of Education).
The Georgian constitution has a guarantee of gender equality in the country. Accordingly, men and women have equal rights to land ownership, and the right to inherit land is the same for both sexes. However, in Georgia, as in many developing countries, land ownership issues are very much influenced by cultural values. Georgian traditions make it less likely that land will be inherited by the daughter.
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.
ISET-PI’s forecast for the second quarter of 2017 was revised upward from 4.4% to 5.9%. Meanwhile, Geostat has updated its GDP growth estimate for the first quarter of 2017. The Q1 growth rate stands at 5%, which is 1.8 percentage points above the forecast.
Nobel-winning economist James Heckman proclaimed that “the data speak for itself” after he carried out an experiment known as the 'Perry pre-School Project' and discovered that investing in high-quality preschool education brings returns of around 14 percent – a rate of return that is much higher than standard returns on stock market equity (7.2 percent).