Tracking Progress - One Reform at a Time

ReformVerdict: Stage 2 - Phase 3

The ReformVerdict includes the following reforms assessed by ReforMeter: Insolvency Reform, Regulatory Impact Assessment (RIA) Institutionalization Reform, Water Resources Management Reform, E-Commerce Reform, Tourism Reform, Capital Market Development Reform and SME Development Reform. Overall score of the reforms is 7.12 showing strong performance. As illustrated below, three assessment dimensions, Content and Adequacy, Progress and Expected Outcome were evaluated with strong performance, while the Current Performance was assessed as moderate.

ReformVerdict History

Reform Government Stakeholder Summary
E-commerce Reform

76.2 The value has gone up since last quarter

6.58 The value has gone down since last quarter

The third public-private dialogue on E-commerce reform was held on December 7, 2023. The important topics discussed at the meeting included the changes envisaged by the new law on Personal Data Protection and the establishment of Dispute Resolution Commission at the National Bank of georgia.
Insolvency Reform

83.9 The value has gone up since last quarter

8.45 The value has gone up since last quarter

The third assessment of the Insolvency Reform was conducted on September 20, 2023. Public-private dialogue attendees shared their perspectives on the significance of the Insolvency Reform and suggested possible improvements to the current state of its implementation.
Water Resource Management Reform

52.3 The value has gone up since last quarter

7.18 The value has gone up since last quarter

The third public-private diologue of the Water Resource Management Reform was conducted on January 31, 2024. The event provided a valuable opportunity for both the public sector and private stakeholders to gain insights into and evaluate the progress made in implementing the water resource management reform. During the meeting, private stakeholders actively participated in discussions with representatives from the public sector and presented their evaluations of the ongoing and planned activities related to the reform.
RIA Institutionalization Reform

70.0 The value has gone up since last quarter

7.69 The value has gone up since last quarter

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Government Survey Methodology

Governmental surveys evaluate progress in reform implementation across four domains:

  • the legal framework;
  • infrastructure and budget;
  • institutional setup;
  • and capacity development.

This survey measures the government’s distance from the stated reform objectives on a scale of 0% (no action has taken place) to 100% (all the desired systems have been fully implemented, monitored, and evaluated)

Stakeholder Survey Methodology

Stakeholder surveys assess reform progress across four dimensions:

  • reform content and adequacy;
  • current performance;
  • reform progress;
  • and the expected outcomes.

Members of the stakeholder group (excluding implementing governmental stakeholders) set scores on a scale of 1 (poor performance) to 10 (strong performance) for each dimension.