Regulatory Impact Assessment (RIA) is a process of evidence-based policymaking, which helps in designing better regulations. This process creates evidence for political decision-makers on the advantages and disadvantages of proposed policies by assessing their potential impacts. The results are summarized and presented in the Regulatory Impact Assessment (RIA) report.
Georgia is committed to various international agreements on climate change, notably the Paris Agreement and the Association Agreement with the European Union. Recently, in 2021, Georgia announced a new Nationally Determined Contribution, pledging to reduce greenhouse gas emissions by 35% compared to 1990 levels.
The "Inclusive Access to Markets" (IA2M) project aims to enhance the competitiveness of Georgian SMEs in EU and European markets. Under this initiative, UNDP commissioned the ISET Policy Institute to conduct a study to identify sectors with high growth and export potential. The objective of the study is to analyze existing research materials and data to identify at least six promising sectors or subsectors.
The assessment of the progress in capital market development reform is based on the implementation of the initiatives outlined in the 2023-2028 strategy for capital market development. The objective of this strategy is to enhance access to finance through capital market instruments and to stimulate and mobilize capital for the Georgian market. The strategic vision aims for Georgia to position itself as the leading capital market in the region by 2028.
The Law of Georgia on Water Resource Management (the Law), passed by the Parliament in its third reading on June 30, 2023, outlines the principles of basin management according to which the country will be divided into seven river basins, and corresponding basin management plans will be created.