Financing in Georgia: Small and medium enterprises and the private sector

The report assesses the macro-financial situation in Georgia. This study explores the private sector financing environment, in particular for the SMEs segment. It examines the needs and obstacles of SMEs in accessing finance as well as the institutional and legal environment they operate in. We employ the most recent wave of the EIB's Bank Lending Survey. The survey is a unique instrument developed to monitor the determinant factors influencing credit growth. It provides valuable insights into lending activity, availability of financial instruments, composition of loan portfolios and perception of credit conditions/market expectations, directly from several financial institutions present in Georgia.