Operationalization of the Peace Fund for a Better Future
Client: Mendez England & Associates
Origin of Funding: USAID
The main objective of the project is to create a robust operating and organizational foundation for the Peace Fund, which is a membership-based not-for-profit legal entity under the Government of Georgia’s peace initiative “A Step to a Better Future,” oriented toward facilitating trade across the administrative boundary lines dividing Georgia proper from the occupied regions of Abkhazia and Tskhinvali. The Peace Fund provides financial support to various projects and initiatives that are implementing peace-building activities, building partnerships, and cooperating with domestic and international organizations.
We will undertake the following activities:
Design an optimal governance, management and organizational structure for the fund;
Recommend a feasible governance and management setup and functionality, including those for the steering committee, advisory council and the project management board;
Devise a framework whereby the fund will interface with, and report to, its founders and donors by clearly specifying reporting practices between and among the fund, its founders and other stakeholders;
Revise the initial concept;
Recommend an appropriate staffing structure and composition, and devise job descriptions for each recommended position;
Develop procedures and business processes, including a mechanism to effectively manage the fund’s program cycle from start to finish; and
Recommend a viable fundraising scheme.
The project is being implemented under the USAID Georgia Human and Institutional Capacity Development (HICD) 2020 Activity, which is led by Mendez England & Associates (ME&A).
PMCG, as part of a consortium led by B&S Europe under the EU’s SIEA Framework Contract Lot 3, together with Evoluxer S.L., has recently started working on a mid-term evaluation of ten projects, conducted by the EU during 2017-2020 concerning comprehensive reform of public administration in Ukraine.
On July 9, Georgia’s Digital Transformation Consortium, initiated by Georgia’s large- and medium-sized IT and consulting companies and serving as an open and collaborative platform based on a public-private partnership model, was signed by about 40 representatives of the IT industry, consultants, academics, and industry associations at Georgia’s Innovation and Technology Agency (GITA).
We are working to contribute to the promotion of equal-opportunity access to employment and relevant skills training for both women and men under the European Bank for Reconstruction and Development (EBRD) Bakuriani Municipal Services Project - Inclusion & Gender Consultancy.
We recently launched a new project, aiming to strengthen knowledge and capacities regarding the design and implementation of free trade agreements (FTAs) of all countries of the Central Asia Regional Economic Cooperation (CAREC) program, which represents a partnership of 11 countries (Afghanistan, China, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Uzbekistan, Turkmenistan, Pakistan, and Tajikistan) and development partners working together to promote development through cooperation, leading to accelerated economic growth and poverty reduction, guided by the overarching vision of “Good Neighbors, Good Partners, and Good Prospects.”
In 2021, unemployment remains an unresolved obstacle for the Georgian economy and society’s most pressing problem. Over the years, diverse public opinion polls have indicated that unemployment is the most important issue at national level. For instance, in 2020, according to a public attitudes poll conducted by the National Democratic Institute, for 46% of respondents, the main challenge they were facing was unemployment.This issue focuses on changes in unemployment trends in Georgia in the period of 2017-2020 and provides an analysis of the effects of the COVID-19 crisis on unemployment in the country.
The wine industry in Georgia has experienced strong growth over the past decade in all key indicators such as exports, turnover, and employment and salaries (measured both in GEL and in USD). The financials of the sector have also looked impressive during this time.
The number of international travelers increased by 294.2% in June 2021 compared to the same period of 2020, and declined by 82.1% compared to the same period in 2019. Meanwhile, the number of international visitors increased by 286.8% (2021/2020) and declined by 79.8% (2021/2019), and the number of international tourists increased by 361.6% (2021/2020) and declined by 71.7% (2021/2019);
In June 2021, the number of visitors from Israel, Ukraine and Kazakhstan recovered to approximately 75% of their June 2019 levels;
During the period of 2018-2021, average hotel prices in Georgia peaked in 2018, gradually falling in 2019 before plummeting in 2020;
Prices of 5-star hotels experienced the highest volatility, while the prices of guesthouses were most stable;
In June 2021, the Hotel Price Index increased by 1.5% compared to the corresponding month of 2019, mainly driven by positive expectations about tourism’s recovery, as well as the low base effect due to the shock (Russian flight ban) in June 2019.
In Georgia, the average cost of a room in a 3-star hotel was 136 GEL per night in June 2021, while the average cost of a room in a 4-star hotel in Georgia was 243 GEL per night and the average cost of a room in a guesthouse was 81 GEL per night. The average cost of a room in a 5-star hotel in Georgia in June 2021 was 496 GEL per night. In Guria, the average price was 739 GEL, followed by Tbilisi - 644 GEL, Kakheti - 470 GEL and Adjara – 457 GEL.
The COVID-19 pandemic and the subsequent Great Lockdown have affected investment flows all over the globe, especially in emerging markets. According to UNCTAD, global Foreign Direct Investment (FDI) flows dropped by 35% in 2020, to $1 trillion, from $1.5 trillion in 2019. This is almost 20% below the 2009 levels after the global financial crisis. Moreover, the number of newly announced greenfield projects in developing countries declined by 42% in 2020 compared to 2019. To assess the impact of the crisis on the FDI flows in Ukraine, it is crucial to have a snapshot of the pre-crisis situation along with developments in 2020.