Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Tbilisi, November 25 (Xinhua) — Georgia has achieved significant economic growth over the past five years and demonstrated high resilience to external shocks. This was stated on Tuesday by Rolanda Price, World Bank Regional Director for the South Caucasus, at the World Bank's public event "Georgia: Growth to High Income," held in the Georgian capital, Tbilisi.
According to R. Price, transitioning from middle-income to high-income countries requires a comprehensive set of measures, including sustainable investment, technology development, and innovation incentives. She noted that only a few countries have achieved this transition: over the past 34 years, only 34 have achieved this.
R. Price emphasized that Georgia is demonstrating good results in investment. At the same time, the country needs to work more actively to implement innovation and new technologies.
The World Bank representative also emphasized the need to create more jobs and improve their quality. She emphasized the importance of effectively managing human resources for a small country like Georgia to ensure continued growth and development.
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