On 29 December 2020, the parliament of Georgia approved the state budget for 2021, which includes allocations of around 18.3 billion GEL. From which the Ministry of Environmental Protection and Agriculture (MEPA) will receive 451.6 million (2.5% of the total budget allocation). MEPA will direct 10 mln. GEL towards the Environmental Protection and Agriculture Development Program (2.2% of MEPA’s total budget), with around 389.6 mln. (86.3% of MEPA’s total budget) to be allocated to agricultural development, and approximately 51.9 mln. GEL (11.5%) to be spent on environmental protection.

In a recent blog post, Y. Babych and L. Leruth raised several issues related to public infrastructure management in the city of Tbilisi. They observed that the consequences of poor past management practices were highly visible. But some of these consequences are also less visible or less immediate. Take schooling, for example. If the authorities fail to plan for the expected increase in the city’s population over the next few years and neglect to build an adequate number of kindergartens/pre-schools, the results will be overcrowded, fast-decaying pre-schools, and eventually poor educational outcomes. Similarly, as the number of cars keeps growing, the authorities must plan new roads and enhance their maintenance.

This report highlights the derivation of sector-specific output (revenue), employment, and investment multipliers based on the Input-Output framework for the Georgian economy, which portrays the potential spillover effects of an increase in final demand for the products of a given sector on the whole economy.

Christopher Hitchens, one of the greatest public intellectuals of the last four decades, famously said 'The only way for any country to get out of poverty is the empowerment of women'. Everyone at ISET would no doubt agree with him – Professor Norberto Pignatti in particular, whose latest publication examines how increasing women's participation in the labor force is important for sustainable economic development in transition countries.

Since the foundation of the ISET, it has had a strong relationship with the Asian Development Bank (ADB). The ADB and ISET have further strengthened their relationship by signing a Memorandum of Agreement, specifically between the ADB and the ISET Library, under the ADB's Depository Library Program.