Gov’t Administration head highlights state enterprise reform in talks with IMF delegation

Levan Zhorzholiani, Head of the Government Administration of Georgia, has outlined the country’s progress on state-owned enterprise reform during a meeting with a visiting mission from the International Monetary Fund (IMF).

The Government Administration said on Monday, Zhorzholiani briefed the delegation on the reform’s first phase, noting that optimisation measures in major state-run entities such as Georgian Railways and energy companies had already generated over 52 million GEL in annual savings.

Emphasising the strategic direction of the initiative, Zhorzholiani described the reform as a “qualitative renewal” of the management systems of state enterprises. He underlined that the long-term objective was to transform the companies from subsidy-dependent institutions into profitable entities that contribute to the national budget.

“The goal is clear: improve governance, strengthen supervisory boards, and end unfair competition with the private sector. We expect to see tangible results by 2028,” he said.

The meeting was attended by Natalie Manuilova, IMF Mission Chief; Yannick Vel, Regional Advisor on Fiscal Risk Management; Eryl Halstead and Sorana Baciu, Short-Term Experts in the IMF's Fiscal Affairs Department (FAD).