“Despite countless challenges, Georgia has demonstrated remarkable resilience. Through prudent economic policies and fiscal discipline, we have maintained economic stability and soundness. As a result, it became possible to overcome external shocks and achieve impressive progress,” stated Georgia’s Foreign Minister, Maka Botchorishvili, at the UN’s 4th International Conference.
According to Botchorishvili, Georgia recorded double-digit economic growth in 2021, while the country has achieved an average growth rate of 9.7% over the past four years.
Additionally, Maka Botchorishvili noted that Georgia stands out for its attractive investment climate, facilitated by its stable legal system and business environment.
“Mr. President, Mr. Secretary-General, Your Excellencies, Ladies and Gentlemen, first and foremost, I would like to express my sincere gratitude to the Government of the Kingdom of Spain for hosting this significant event in the beautiful city of Seville. It is a great honour to participate in this most important conference on behalf of Georgia, particularly at such a pivotal moment for the international community.
Today, the global financial architecture faces serious challenges. The prolonged impact of the pandemic, ongoing conflicts, growing inequality, humanitarian crises, food insecurity, and climate change significantly impede the fulfilment of the 2030 Agenda. This conference provides us with an excellent opportunity to demonstrate the importance of multilateral cooperation, to add additional momentum to our joint efforts toward achieving the Sustainable Development Goals, and to ensure that no one is left behind.
Dear colleagues, despite countless challenges, Georgia has demonstrated remarkable resilience. Through prudent economic policies and fiscal discipline, we have maintained economic stability and soundness. As a result, it became possible to overcome external shocks and achieve impressive progress – double-digit economic growth was recorded in 2021, while over the past four years, we have achieved an average growth rate of 9.7%.
The country’s economic growth is broad-based, and the achieved results are driven by notable achievements in trade, construction, information technology, transport, and services sectors. Rapid recovery trends are also evident in the tourism sector – revenue received in 2024 exceeded pre-pandemic levels by 35%, and growth continues in 2025. To ensure long-term sustainable development perspectives, our priority is investing in key infrastructure development and focusing attention on renewable energy, digital transformation, and connectivity.
Georgia stands out for significant progress and an attractive investment climate, facilitated by its stable legal system and business environment. In terms of state budget transparency, Georgia ranks first in the world for State Budget Transparency, according to the 2023 Open Budget Survey by the International Budget Partnership. The Heritage Foundation’s 2025 Index of Economic Freedom ranks Georgia 35th globally, placing it above seven EU member states. The World Bank’s Business Ready Index 2024 places Georgia in the top three among 50 countries,” stated Maka Botchorishvili.
At the same time, Botchorishvili noted that Georgia firmly supports the strengthening of sovereignty and promoting regional stability.
“Georgia achieved this progress despite serious security challenges and Russia’s illegal occupation of the Abkhazia and Tskhinvali regions. Georgia firmly supports the peaceful resolution of the conflict, strengthening sovereignty, and promoting regional stability. We remain committed to continuing structural reforms, including in the areas of trade market diversification, improving regional trade connectivity, supporting capital market development, and strengthening energy security. In recent years, we have actively shared our expertise with developing and transitioning economies, focusing particularly on combating corruption, fostering a business-friendly environment, and enhancing tax and customs systems. Looking ahead, Georgia is ready to work closely with the international community to help build an effective and inclusive global financial system.
In conclusion, let me stress that the Fourth Conference on Financing for Development (FfD) must be more than a stocktaking exercise. It must be a springboard for further action. Georgia is ready to play its part and cooperate with all stakeholders to ensure that financial systems deliver not just growth, but inclusive and sustainable development for all,” declared Maka Botchorishvili.
