The Deputy Economy Minister credited the economic policies of the Government with the international agency Moody’s raising of Georgia’s credit rating.

“The stable outlook reflected the fact that domestic policies kept risks balanced and the country had been able to maintain high economic growth rates and economic stability despite geopolitical shocks.

According to the assessment of the rating agency, the growth of the economy in 2024 will be within the limits of approximately 5.5 percent, and in the medium term it will be close to the potential level and will be equal to approximately 5-5.5 percent.

Leaving Georgia’s credit rating unchanged at the Ba2 level reflected the strength of its economic and fiscal policy and the commitment of economic institutions to their policy. The Government’s priority is to reach investment rating level, which would bring the domestic economy to a qualitatively new level.

The achievement would significantly increase the confidence of both international and domestic investors and have a direct proportional impact on growth, creation of jobs, salary increases and other macroeconomic and social parameters”, - explained Vakhtang Tsintsadze.