Foresight, vision and effective implementation are the hallmarks of the Ministry of Finance under the leadership of Kakha Baindurashvili.
An investor-friendly country is one where business procedures are simplified, the rule of law is in place and government intervention is minimal and restricted to clearly defined situations. This is what the Ministry of Finance, under Kakha Baindurashvili, has set out to achieve— an ambitious set of goals, befitting the high stakes that come with being one of the world’s top reformers.
Mr. Baindurashivili has worked his way up the Georgian government towards positions of higher responsibility. He was earlier appointed advisor to the Prime Minister on economic, financial and structural reforms and has also served as chairman of the tax department of Georgia. Subsequently, he went on to serve as Deputy Finance Minister, and now heads the Ministry of Finance, after Nikoloz Gilauri—who was then heading the ministry—was appointed Prime Minister.
Mr. Baindurashvili holds double degrees in Economics and has also been a consultant with the United Nations Development Programme.
Setting the Tone
Since the Rose Revolution in 2003, many sweeping and far-reaching reforms have been introduced into the economy. The idea was to undo the damage wrought before and after the country’s independence and separation from the Soviet Union. The first step taken was to open the Georgian economy to the world, and the reforms implemented thereafter went on to make the country an attractive prospect for foreign investments.