Moody’s upgrades Georgia’s sovereign rating outlook to stable, keeps Ba2 rating
Rating agency Moody’s on Tuesday upgraded Georgia’s sovereign credit rating outlook from negative to stable while maintaining the rating at Ba2, citing the country’s strong economic and fiscal resilience amid geopolitical challenges.
Moody’s report emphasised that strong economic performance has helped mitigate risks from external geopolitical tensions.
In its latest assessment, Moody’s highlighted Georgia’s robust economic indicators, effective cooperation with international partners, and prudent fiscal and monetary policies as key factors supporting the improved outlook.
The agency expects Georgia’s economy to grow by 6.4% in 2026 and 5.5% in 2027, driven by consumption, investment, and a rapidly expanding tourism sector with increasing diversification of visitors.
Government debt is projected to continue declining towards 30% of GDP.
Moody’s notes that consumption and investment will be the drivers of economic growth, which, together with prudent debt management, will support fiscal health.
Tourism is also highlighted as a growth driver, which is increasing significantly and is characterised by the diversification of visitors.
The agency positively evaluated Georgia’s strategic role as a transport and logistics hub in the Middle Corridor, which supports trade diversification and investment attraction, along with ongoing reforms in fiscal and monetary spheres.
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Deputy Minister of Economy meets IMO Secretary-General Arsenio Dominguez at Maritime Summit
03.07.2026.20:07
The Deputy Minister of Economy and Sustainable Development, Tamar Ioseliani, has held a meeting with the Secretary-General of the UN International Maritime Organisation (IMO), Arsenio Dominguez, the Ministry of Economy has announced.
According to the Ministry, the meeting took place on the sidelines of the Turkish Maritime Summit.
“The discussions focused on ongoing reforms in the maritime sector, the implementation of international standards, and opportunities to strengthen future partnerships. Particular attention was paid to maritime safety, support for seafarers, digital transformation, and bolstering Georgia’s role as a vital maritime hub in the Black Sea region.
Discussions focused heavily on developing Georgia’s transport and logistics infrastructure, with a particular emphasis on the port sector, highlighting its strategic role as a Middle Corridor hub. According to the Deputy Minister, Georgia is leveraging its geographical advantage to transform into a modern, reliable, and competitive transport and logistics hub. By 2032, the country plans to invest approximately USD 7 billion in modernising its transport network, encompassing the integrated development of maritime, rail, road, and digital infrastructure.
In this context, the Deputy Minister highlighted the Anaklia Deep Sea Port project. Tamar Ioseliani noted that marine infrastructure works, carried out by the internationally renowned Belgian company Jan De Nul, are already underway. By 2029, upon the completion of the first phase, the port’s throughput capacity will reach at least 600,000 TEU, enabling the country to accommodate large Panamax-class vessels.
It was noted that strengthening the Middle Corridor directly contributes to the resilient and seamless functioning of global supply chains. The IMO Secretary-General highly commended Georgia’s recent achievements in the maritime sector. Ivane Abashidze, Director of the Maritime Transport Agency, also participated in the meeting,” the Ministry of Economy’s statement read.