According to the decree of Georgian Prime Minister Irakli Garibashvili, the government must present a 10-year development plan before May 31.
The Development and Reform Council will be comprised of government members, including the NBG president, Tbilisi mayor and chairmen of autonomous administrative divisions.
“The Development and Reform Council seeks to submit the country's 10-year development plan to the Government of Georgia no later than May 31, 2021”, the document reads.
The 10-year development plan is one of the initiatives of Irakli Garibashvili presented during his approval as the Prime Minister. This is the second strategic document of the PM. The first document "Georgia 2020" was approved in the summer of 2014. The government spent a great deal of time and resources on the previous strategy. However, its economic chapter proved irrelevant within a few months of its adoption as national currency began depreciation in late 2014 and GEL lost more than half its value, as a result, it slowed down Georgia’s development in 2015-2016. Georgia's strategic goal for 2020 to have less debt than 40% of GDP, proved unreachable. Numerous other points of this strategic document turned out unreachable as well.
