Lasha Khutsishvili: We can clearly say that interest in Georgia’s economy is very high, both in terms of current results and future prospects

“We can clearly say that nothing reflects and defines investor sentiment and expectations toward Georgia’s economy better than the actual decisions made by real investors regarding Georgia,” said Finance Minister Lasha Khutsishvili.

According to him, interest in Georgia’s economy is very high.

“We can clearly say that nothing shows investor sentiment and expectations toward Georgia’s economy better than the real decisions investors make regarding Georgia, including the positions and choices they take on the open market. A very clear example of this was the transaction carried out two months ago, when the Ministry of Finance, on behalf of the Government of Georgia, issued Eurobonds. This demonstrated the investors’ attitude toward Georgia.

Two key factors were revealed through this issuance:

Very high confidence in Georgia’s economy, reflected in demand of nearly $3 billion, while only $500 million was offered on the market. At that moment, investors were ready to invest $2.8 billion in Georgia;The country’s risk assessment, which resulted in the final interest rate showing that the country’s risk level has decreased by more than 25% compared to the previous issuance.

Nothing better defines investor sentiment and confidence in a country than when it enters the open market and is evaluated there through real decisions made by real investors. Georgia is one of the fastest-growing economies in the world, with an average growth rate of 9.3% over the past five years, which naturally makes it attractive to all investors. Inflation is well-balanced and managed appropriately, which in turn increases confidence in future prospects.

We can unequivocally say that interest in Georgia’s economy is very high, both in terms of current results and future prospects. Investors are correctly assessing the achievements the country has made in terms of economic development,” said Lasha Khutsishvili.

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