Galt & Taggart hosted conference on private capital sector in Georgia
Galt & Taggart, with the support of the USAID Economic Governance Program, presented the results of a study on the development of the private capital market in Georgia. Representatives of investment funds, international financial institutions, and the public sector participated in the conference.
Galt & Taggart's research covers global trends in private capital development, analyses of sector development in the region and the Baltic States, and the current situation in Georgia.
The study also includes the results of a survey of Georgian small and medium businesses, investment funds, and international financial institutions, according to which the opportunities and challenges that hinder the development of the private capital market in Georgia were identified. As a result, detailed recommendations were developed addressing both the demand and supply sides of private capital.
“Access to alternative sources of financing is important for small and medium-sized businesses. Currently, the private capital market in Georgia is at an initial stage of development. Many factors are cited as reasons for this, including the size of the country's economy, the scarcity of target companies for financing, and limited exit opportunities after investing in a company. We think that based on the sharing of experience of the countries of the region and the coordination of private, public and international financial institutions, there is a potential for the development of alternative financing sources in Georgia,” stated Otar Sharikadze, the managing director of Galt & Taggart.
About USAID activities in Georgia:
The US Agency for International Development (USAID) helps Georgia to independently plan, finance and implement the decisions necessary for the country's development. Since 1992, USAID has been helping to transform Georgia into a democratic country that will be integrated into the political, security and economic institutions of the West. USAID's more than 35 ongoing programs include the following areas: strengthening Georgia against harmful external influences, consolidating democratic gains through accountable governance, and creating high-paying, high-quality jobs. For more information, visit: https://www.usaid.gov/georgia
About the USAID Economic Governance Program:
USAID's Economic Governance Program is a 5-year, $19 million project implemented by Deloitte Consulting. The goal of the program is to improve the economic governance of Georgia and develop the economy taking into account the needs of the society. https://www.facebook.com/USAIDEconomicGovernanceProgram