UN General Assembly
2024

If we look at the political map, Georgia is the single safest and most reliable transit route to ensure the timely and efficient movement of goods and services. Our commitment to maintaining and enhancing our role as a reliable transit corridor ensures we are able to support our strategic partners in Europe with their energy security needs. By diversifying supply routes and investing in robust infrastructure, Georgia can offer additional predictability in East-West connectivity, especially within the framework of the Middle Corridor Initiative. As we all know, the last couple of years have brought significant challenges. Despite these multiple tests, Georgia has demonstrated remarkable resilience to such external shocks. Our average annual economic growth since 2021 has been 9.7%. Thanks to strong macroeconomic fundamentals and fiscal discipline, the government debt and fiscal deficit declined to 39.3% and 2.5%, respectively. Additionally, Georgia has maintained one of the lowest regional inflation rates, further showcasing its economic stability.