Discussing Structural Reforms and Business Environment in Georgia at World Bank Conference

On June 22, Aleksi Aleksishvili, Chairman of the Board at PMCG, delivered a presentation at the World Bank’s knowledge sharing event between Poland and Eastern neighborhood countries: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine.

The Conference, jointly organized by the Ministry of Foreign Affairs of the Republic of Poland and the World Bank, in cooperation with the Ministry of Finance, and the Ministry of Economy and Sustainable Development of Georgia, brought together high-level policy-makers and government officials from the above listed countries.

Having been behind numerous reforms successfully implemented in Georgia in public finance, tax and customs policy and administration, as reflected in the WB’s Doing Business Rankings, Aleksishvili went through the major steps the country had implemented to achieve such sharp improvements.
Aleksishvili emphasized that the crucial components of the process of reforming included: liberal fiscal and trade regimes; improved budget policy and public services; structural reforms; fighting corruption; privatization; legal framework; and property rights.

Having sound experience of supporting countries in transition to facilitate key public finance management reforms, Aleksishvili also discussed the main barriers faced when introducing reforms and the steps that should be implemented to strengthen the achieved results and to continue the process of development.