Over the past 5 years, Georgia had experienced significant growth, the country is also very resilient to shocks. Such a statement the World Bank Regional Director, Rolande Pryce, made today at the World Bank’s public event in Tbilisi titled "Georgia - Growth Toward High Income".

"This report examines what countries need to transition from middle-income to high-income status. Very few countries have achieved this over the past 34 years - only 34 countries. In Georgia, there is still much to be done in creating more and better jobs.

Another issue concerns talent. Do we have information about the distribution of talent? This is a small country, so whether talent is allocated effectively is important. The main framework covered by this report suggests that three key steps are required to move from a middle-income to a high-income country: investments, technological development, and innovation.

Georgia achieved very good results in terms of investment. However, I believe there is still a lot that can be done in the adoption of innovation and technology", - said Rolande Pryce.