EPI Assessment: Investment Promotion Capacity in Georgia

Attracting investments, foreign and domestic, is one of Georgia‘s key priorities to promote sustainable economic development. During recent years, significant donor assistance has been provided to the Georgian National Investment Agency (GNIA) to build capacity to promote foreign investment. However, GNIA still lacks mandate, capacity, and resources critical for strategic vision based targeting, investment generation, investment facilitation, comprehensive investor after-care, and continuity. The objective of this study is to provide a comprehensive set of recommendations, based on international best practices, for improving the GoG‘s effectiveness in investment promotion based on a thorough assessment of the approaches and capacity of relevant agencies active in this vital functional area and to define EPI work plan interventions to support this effort.