ReformVerdict: Stage 2 - Phase 1

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ReformVerdict History

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Reform	Government	Stakeholder	Summary
E-commerce Reform	0.0	0.0	The reform aims to facilitate E-commerce in Georgia by developing a legal and regulatory framework and the necessary technical infrastructure. It consists of many different aspects, incorporating the activities of implementing government agencies, other public sector stakeholders, and the private sector. These facets include gaps in the legislative and regulatory framework, as well as various private sector inefficiencies. Notably, E-commerce platforms currently have low consumer trust, which therefore results in unutilized potential within the sector.
Insolvency Reform	0.0	7.75	Reform is implemented by the Ministry of Justice (MoJ). Other involved institutions are Training Center of Justice (TCJ) of Georgia, the National Bureau of Enforcement (NBE) and The Business Rehabilitation and Insolvency Practitioners Association (BRIPA). Project "ReforMeter" hosted the first Public-private Dialogue on Insolvency reform on December 23, 2021.
Water Resource Management Reform	0.0	0.0	Upon adoption, the Draft Law on Water Resource Management will replace the current Water Law (that is in force since 1997) and will become the new framework document for water resource management.
RIA Institutionalization Reform	0.0	7.32	The first assessment of the RIA Institutionalisation Reform was conducted on March 1, 2023. Public-private dialogue attendees shared their perspectives on the significance of the RIA Institutionalisation Reform and suggested possible improvements to its implementation.
Tourism Reform	20.8	7.15	Tourism Reform encompasses a series of changes outlined in the draft Law on Tourism, which has been initiated in the Parliament of Georgia. Another aspect of tourism reform involves the provision of tax benefits for agritourism and wine tourism services. The primary objectives of the reform are to diversify tourism products, improve the quality of tourism services, and ensure the protection of consumer rights as well as the enforcement of safety standards.
Capital Market Development Reform	11.7	6.31	The first assessment of the Capital Market Development Reform was conducted on June 2, 2023. Attendees of the public-private dialogue discussed the main activities planned within the Capital Market Development Strategy 2023-2028. The stakeholders engaged in a discussion about the objectives of the strategy and the ways to achieve them.
SME Development Reform	49.7	6.76	The SME development reform incorporates the initiatives outlined in the Georgian Small and Medium Entrepreneurship Development Strategy for 2021-2025, along with the corresponding action plans. The objective of the strategy is to foster the continued growth of small and medium entrepreneurship and to reestablish the positive trends observed before the pandemic. On November 17, 2023, the initial assessment of the SME development reform was conducted. During the public-private dialogue, participants shared their perspectives on the ongoing and future activities associated with the reform. Additionally, insights were shared on the assessment of the reform's outcomes.

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.