The 5.3% economic growth forecast for Georgia in 2026 represents a healthy pace, according to Jihad Azour, Director of the IMF’s Middle East and Central Asia Department. In an interview with BMG during the IMF and World Bank Spring Meetings in Washington, Azour noted that Georgia’s exceptionally strong growth over the past three years was partly driven by migration inflows linked to the war in Ukraine. Azour emphasized that maintaining relatively high economic activity will require continuing reforms, particularly in the state-owned enterprise sector. He also stated that the ongoing conflict in the Middle East currently has a limited impact on Georgia’s economy, although sectors such as tourism could experience pressure depending on how the situation evolves. For now, he said, there are no significant disruptions to supply chains or energy prices. Reflecting on recent years, Azour highlighted Georgia’s success in attracting skilled individuals and investment thanks to its infrastructure, hospitable environment, and strong human capital. This, combined with a dynamic private sector and a favorable business climate, helped accelerate economic growth. However, he noted that this rapid cycle is gradually stabilizing, making structural reforms increasingly important. The IMF recently reaffirmed Georgia’s 5.3% growth projection during its April mission visit. Azour added that unlocking new markets and advancing key reforms, including those targeting state-owned enterprises, will help Georgia sustain growth and strengthen long-term economic resilience. Here is the recap of BMG’s visit to the IMF annual meeting in Washington.
Jihad Azour - Director, Middle East and Central Asia Department, IMF;
Nutsa Shubashvili - BMG, Journalist;
