“Georgia has a strong track record in terms of investment. However, there is still significant potential to advance innovation and technology adoption,” said Rolande Pryce, the World Bank’s Regional Director for the South Caucasus.

According to Rolande Pryce, for Georgia to transition from a middle-income to a high-income country, the nation must focus on three key areas: investment, technology development, and innovation.

“Over the past five years, Georgia has experienced impressive growth and demonstrated remarkable resilience to economic shocks. This report examines what it takes for countries to move from middle-income to high-income status. In the past 34 years, only 34 countries have achieved this,” she noted.

Pryce emphasized that creating more and better-quality jobs remains a priority for Georgia. Another critical area is talent distribution: “Given the country’s small size, ensuring that talent is allocated efficiently is essential for sustainable growth.”

The World Bank hosted a public event in Tbilisi titled “Georgia – Growing to High Income,” which brought together representatives from economic circles and the private sector to discuss these findings and strategies for the country’s future development.