“The International Monetary Fund’s forecast positions Georgia as a standout globally, thanks to its forward-looking and robust economic policies,” Deputy Minister of Finance Mikheil Dundua emphasized while evaluating the IMF’s long-term projections for the world economy through 2030.

“The IMF has released an impressive forecast for 2030, detailing global economic growth indicators in both purchasing power parity and real terms. Historically, Georgia has achieved remarkable results. For the first time, we rank among the top three countries of the 21st century in real and per capita growth, a status we are expected to maintain until 2030. This means that by 2030, Georgia will continue to be one of the top three countries based on 30 years of economic growth,” Dundua noted.

He further remarked on the progress made since 2012.

“Since that year, Georgia has ranked in the top five worldwide for a 12-year rate of real per capita growth. From 2028 onward, we will move into the top three globally based on our advancements. We remember the time before 2012 when Georgia was leading economic growth in the Caucasus. Now, we are poised to be second globally in 2024 regarding real per capita economic growth, and first in the Eastern Hemisphere,” the Deputy Minister of Finance stated.

Dundua highlighted the need for a strong economic policy to foster inclusive growth and develop sectors like tourism and international infrastructure projects, specifically referencing initiatives such as the Black Sea Submarine Cable.

“This project, which originated in Georgia, is crucial not only for our partners but also for creating a robust energy connection between Europe and Asia, thereby promoting Georgia’s overall progress,” he concluded.