“Price structure analysis is probably important so that the direction of competition and consumer protection can play a stronger role. It is important that the policy of free trade and market relations is maintained and that there is no backlash. Price control has been the subject of attempts many times in many countries and has always been unsuccessful (I am not referring to Georgia),” said Alejandro Hajdenberg, head of the IMF mission, in response to a question about the parliamentary commission established to study prices.

According to him, the emphasis should be placed on ensuring that a competitive environment and a level playing field exist in the country.

“I think this happens in many countries. The emphasis is placed on increasing competition. In this direction, there are independent state agencies that ensure the market structure is based on competition and that companies operate in a competitive environment. Analysis of the price structure is probably important so that the direction of competition and consumer protection can have a stronger role. That is their mandate.

What is important here is that the policy of free trade and market relations is maintained and that there is no backlash. Price control has been attempted many times in many countries — I am not referring to Georgia. Many countries have tried this and it has always been unsuccessful. The emphasis should be placed on ensuring that a competitive environment and a level playing field exist,” Hajdenberg stated.

He also responded to a question about the impact of corruption on the economy, in the context of the fact that “the former Prime Minister and some members of the Cabinet are detained on corruption charges.” According to him, “good governance is necessary and important for investors’ confidence.”

“I cannot say anything about this because good governance, the rule of law, and the supremacy of law are important and necessary for investors’ confidence. Therefore, strong governance in this direction is absolutely important for the future. Also, the rule of law. This is necessary for investors’ confidence. We have seen this in Georgia as well,” Hajdenberg said.