ReformVerdict: Stage 1 - Phase 2
After the assessment of Capital Market reform, ReformVerdict slightly increased to 4.94 point.
ReformVerdict History
| Reform | Government | Stakeholder | Summary |
|---|---|---|---|
| SME Development |
39.2 |
4.33 |
On January 2, 2018 ReforMeter, in its second phase, assessed implementation of SME/Innovation development strategies |
| Agricultural Development |
74.9 |
5.63 |
On December 14 2017, the second phase of ReforMeter started with an evaluation of Georgia’s agricultural development. According to the Government, 74.9% of the strategy has already been implemented. Reform implementation received 5.63 points out of 10. |
| Capital Market Development |
67.7 |
5.0 |
On March 12 2018, the implementation of a capital market development strategy was evaluated during the second phase of ReforMeter. The greatest progress was achieved in the development of legislative frameworks. |
| Pension Reform |
38.8 |
4.1 |
On June 8 2018, the second phase of ReforMeter ended with an evaluation of the Pension Reform which is being discussed in Parliament. |
| Vocational Education and Training Reform |
52.1 |
7.37 |
On April 25 2018, in the second phase of the evaluation of Vocational Education Reform, the ongoing implementation of the reforms was evaluated. |
Government Survey Methodology
The government’s formal progress (at the input and output level) in the target reform area is measured through a survey covering the following four dimensions:
- Institutional Setup
- Capacity Building
- Infrastructure & Budgeting
- Legislation & Regulations
The sets of indicators are designed to track progress on each dimension towards the system envisioned in the reform strategy. They cover all fundamental actions that have to be executed to create an optimal environment that will help achieve all reform objectives. Completion of all actions indicates achievement of the desired policy framework.
The sets of indicators captured by the questionnaires are used to measure distance from the stated reform objective on a scale from 0% (no action has taken place) to 100% (all desired systems are fully implemented, monitored and evaluated).
The questionnaires are filled out twice a year through face-to-face interviews with representatives of all agencies involved in the implementation of a particular reform.
Stakeholder Survey Methodology
Each reform is evaluated, twice per year, by a group of stakeholders – at least 15 individuals not affiliated with the responsible agency, but directly affected by the reform.
The entire group of stakeholders are convened at ISET in order to review the results of the government survey, as well as objective data and information about reform outcomes, which are collected and analysed by the Project Team.
Each member of the group provides an anonymous quantitative assessment of the reform by answering the following questions:
1. What is your assessment of Georgia’s current performance in this area of reform?
2. Is the economic reform agenda progressing as expected?
3. Is the reform likely to deliver adequate results?
The total score for each reform is calculated as a simple average of individual assessments.
The overall assessment of the reform process is automatically provided through the ReforVerdict – a summary score, derived as a weighted average of scores assigned to each reform. The ReforVerdict score is adjusted on a monthly basis, following monthly stakeholder meetings.