Lasha Khutsishvili highlighted global financial ratings firm Fitch Ratings’ recently revised financial outlook for the country’s financial development from stable to positive. He noted the institution’s sovereign credit rating was “one of the most consistent and stable” assessments of a country's investment attractiveness.

"This is not an indicator where much progress can be made in only a few years. Statistics show that even one level of change takes at least several years, and the interval naturally depends on the progress achieved, and reforms implemented, during this period. Currently, our credit rating is rated at 'BB'", Khutsishvili noted.

The Minister also told the forum improving the credit rating required progress in "many directions".

These directions are: macroeconomic stability and fiscal discipline the quality of the country's governance external vulnerabilities geopolitical risks and the country's income level, which is a long-term challenge and where investments play a very big role", - he said.

Lasha Khutsishvili also said the Government’s stable economic policy and reduction of vulnerability to external risks contributed to the improvement of the investment environment in the country.