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Georgian gov't to present 10-year development plan to parliament

Business Materials 4 June 2021 13:20 (UTC +04:00)

BAKU, Azerbaijan, June 4

By Tamilla Mammadova – Trend:

Georgian government will present a 10-year development plan to the parliament in June, Trend reports via Georgian media.

"The work on the document has already been completed by the ministries. International experts and members of the Georgian parliament are involved in the process. The prime minister will present the document to the parliament in June," the statement from the government administration reads.

The 10-year development plan is the second strategic document of Prime Minister Irakli Garibashvili. The first document "Georgia 2020" was approved in the summer of 2014.

As reported, the Georgian government has picked out the most difficult period to prepare a 10-year development strategy for the country, as growth expectations change with high frequency due to the pandemic.

A few days ago the government was expecting 4.3 percent growth in 2021. However, the expectation on economic growth increased to 6.5 percent, after the economic growth of 44.8 percent has been observed in April. It indicates a rapid change in the situation.

Since April, government administration and the ministries have been working on a 10-year development strategy.

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