Reform: SME Development Reform (2023-11-17)

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. 

According to the Government

According to the government survey, at this stage, 49.7% of the activities outlined in the 2021-2022 and 2023-2025 action plans for SME development strategy have been completed. The highest level of performance was observed in the direction of Institutional Setup.

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)