On June 2, ReforMeter and the USAID Economic Governance Program hosted yet another public-private dialogue dedicated to assessing progress in capital market development reform. The assessment of the capital market development reform includes an overview of the activities planned and implemented within the capital market development strategy for 2023-2028. The strategy aims to increase access to finance through capital market instruments, as well as to stimulate and mobilize capital for local securities.
The progress of the reform and its course, the issues of the legal regulatory framework of securitization, and the development of real estate investment funds were discussed by the representatives of the agencies implementing the reform, namely: Giorgi Gurgenidze, the head of the capital market development and pension reform department of the Ministry of Economy and Sustainable Development of Georgia, and Nikoloz Gagua, the vice president of the National Bank of Georgia.
Giorgi Papava, the Lead Economist of the ISET Policy Institute and Manager of the ReforMeter, presented the objective indicators for the assessment of the capital market development reform.
The meeting was attended by the representatives of the agencies involved in the development and implementation of the strategy, the civil and private sector,s and other interested parties. The parties gathered at the meeting discussed the progress of the reform in practice. The event ended with a public-private dialogue and an anonymous, quantitative evaluation of the reform by interested parties.