The Georgian Foreign Minister highlighted the stable economic situation in Georgia amid global challenges at a panel discussion held within the framework of the UN General Assembly. During the speech, she noted Georgia’s role as a hub for open trade.

“As we mark the 80th anniversary of the signing of the UN Charter, we do so amidst mounting global challenges, be it prolonged conflicts, widespread human rights abuses, or threats to food security, economic inequality, and the impacts of the climate crisis. These interconnected shocks not only nullify the results achieved in development over decades but also expose fundamental weaknesses in the global financial system.

For precisely this reason, this summit must become a turning point. It must strengthen our resolve regarding the implementation of the Pact for the Future and ensure the mobilisation of resources, political will and cooperation necessary for just and sustainable development.

Dear colleagues, Georgia is completely faithful to this vision. Despite regional uncertainties and external shocks, we have preserved macroeconomic stability through prudent fiscal and monetary policies. Over the past four years, Georgia’s economy has grown at an average rate of 9.7%. Our economy is resilient and marked by dynamic growth in sectors such as trade, transport, information and communication technologies, tourism, and construction, all of which support an inclusive and sustainable recovery.

What is even more significant is that state resources are being used to fulfil long-term national and regional priorities: specifically, we are making investments in the renewable energy sector to achieve climate change-related goals and to strengthen regional energy security; we are accelerating digital transformation to address connectivity gaps and improve government services.

We are developing such strategic infrastructure as the Black Sea submarine cable and Anaklia Deep Sea Port to strengthen connections between Europe and Asia. These projects will not only bolster Georgia’s economic foundation but also facilitate a broader transformation of the Middle Corridor into a competitive, secure, and sustainable route - one that supports both trade development and the transportation of energy resources”, - said Maka Botchorishvili.