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Economic Development Corporation to Boost Strategic Investment, Competitiveness - Georgian Economy Minister

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Georgian Economy Minister Mariam Kvrivishvili on Tuesday said the Georgia Economic Development Corporation would expand the government’s capacity to support major strategic projects, introduce new financial instruments and strengthen the country’s economic competitiveness.

Kvrivishvili made the remarks at the presentation of the Georgia Economic Development Corporation, noting that the country’s economy has evolved significantly, requiring changes to the instruments used to implement economic policy.

“Ten years ago, our main task was to create the initial conditions for businesses to grow. Today, we are talking about increasing economic productivity, producing higher-value-added goods, attracting major strategic investments, developing the capital market and substantially strengthening Georgia’s international competitiveness”, Kvrivishvili said.

According to the Minister, the establishment of the corporation reflects these changes and creates new institutional opportunities for promoting economic development.

“By establishing the new corporation, the state is creating an entirely new institutional capacity to support economic development. We are bringing together financial resources, business support mechanisms and development instruments within a single system to make government support more effective, targeted and results-oriented”, she said.

Kvrivishvili added that the corporation would retain existing programs that have helped thousands of entrepreneurs succeed over the years, while support for small and medium-sized enterprises would remain a key priority of the country’s economic policy.

She also highlighted the corporation’s expanded mandate and broader operational scope.

“The Economic Development Corporation will be able to participate in major strategic projects, including in the energy sector; use new financial instruments; provide loans; make equity investments; and support investment funds and the development of the capital market”, Kvrivishvili continued.

She noted that the corporation would give the government a more flexible and powerful tool for supporting economic projects that create high-paying jobs, increase exports, develop modern industries and strengthen Georgia’s economic independence and competitiveness.

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image Ekaterine Mikabadze shares Georgia’s experience at the OECD International Conference on Financial Education

23.10.2026.18:03

Ekaterine Mikabadze, First Vice Governor of the National Bank of Georgia (NBG), participated in the annual international conference of the Organization for Economic Co-operation and Development (OECD), which was hosted this year in Yerevan, the capital of Armenia. This year’s conference focused on strengthening financial resilience.

The event brought together more than 50 representatives from 15 Eastern European countries, who shared information on major financial education projects and best practices implemented over the past two years. Panel discussions also addressed the development of evidence-based policy frameworks, research into citizens’ financial behavior, and the benefits of game-based learning.

During the conference, Ekaterine Mikabadze met with Miles Larbey, Head of Financial Consumer Protection, Education and Inclusion at the OECD, to discuss future cooperation between Georgia and the OECD. Miles Larbey highlighted the significant and commendable contribution of the NBG’s representatives in sharing knowledge and experience in financial education with other countries.

“Financial education is one of the NBG’s priorities. We are implementing numerous innovative projects; however, technological advances also bring new challenges. Therefore, the continuation of and support for the OECD program will be important for our country,” said Ekaterine Mikabadze.

Ketevan Akhalkatsi, Head of the Financial Education and Strategic Development Department at the NBG, also participated in the OECD’s annual conference, where she presented the NBG’s game-based programs and future plans to promote financial education. The NBG’s interactive educational projects, which use game-based learning methods, attracted particular interest from conference participants.

The conference was organized by the Ministry of Finance of the Kingdom of the Netherlands and the OECD International Network on Financial Education (OECD/INFE) as part of an OECD technical assistance project. The Central Bank of Armenia co-organized the event.

Established in 2008, the OECD International Network on Financial Education (OECD/INFE) aims to promote international cooperation among public authorities and other stakeholders working in financial education. It serves as a platform for collecting financial education data, preparing analytical and comparative reports, conducting research, and developing policy documents. The OECD/INFE brings together nearly 300 public institutions from more than 130 countries.

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