Tracking Progress - One Reform at a Time

Reform: Insolvency Reform (2021-12-23)

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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.

According to the Stakeholders

The Stakeholder Group assessed the reform with a score of 7.75 out of 10, showing strong overall performance of the reform. As illustrated below, three assessment dimensions of the reform (i. Content and Adequacy; ii. Progress; and iii. Expected Outcome) were evaluated with strong performance, while the Current Performance was assessed as moderate.

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.

  • Sophiko Lokabidze

    National Bureau of Enforcement

  • Khatuna Jamaspishvili

    Tbilisi City Court

  • Khatuna Kasradze

    Georgian Justice Training Center

  • David Lezhava

    Policy and Management Consulting Group (PMCG)

  • Nana Amisulashvili

    Business Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Tinatin Shugarova

    Business Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Nick Nanuashvili

    Business Association Georgia (BAG)

  • Giorgi Jugheli

    Investors Council

  • Giga Phaikidze

    Small and Medium Enterprise Development Association (SMEDA)

  • Rusudani Zhorzholiani

    Georgian Federation of Professional Accountants and Auditors

  • Lavrenti Chumburidze

    Georgian Federation of Professional Accountants and Auditors

  • Iuri Lebanidze

    Georgian Microfinance Association

  • Mirian Kharabadze

    National Bureau of Enforcement

  • Irakli Kiziria

    Revenue Service

  • Vakhtang Zhvania

    Training Center of Justice

  • Nino Jolia

    European Business Association

  • Nato Papiashvili

    Businesses Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Sopho Jokhadze

    Businesses Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Nika Nanuashvili

    Business Association of Georgia

  • Levan Silagava

    Georgian Producers' Federation

  • Badri Mindiashvili

    Revenue Service

  • Mariam Chokhonelidze

    European Business Association

  • Nino Kashakashvili

    Training Center of Justice

  • Tamta Tkabladze

    Training Center of Justice

  • Zurab Akhaladze

    European Business Association

  • Tornike Artkmeladze

    Businesses Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Lana Paitchadze

    Small and Medium Enterrprise Development Association (SMEDA)

  • Lela Pangani

    Georgian Chamber of Commerce and Industry

  • Nino Pkhovelishvili

    European Business Association

  • Davit Kochiashvili

    Business Ombudsman of Georgia

  • Alexandre Tsitsvidze

    Businesses Rehabilitation and Insolvency Practitioners Association (BRIPA)

  • Goga Tushurashvili

    Institute for Development of Freedom of Information (IDFI)

  • Lina Jikia

    American Chamber of Commerce

Outcomes

Objective and quantitative data reflects reform outcomes to be used as a proxy for reform effectiveness.