Design of Legislative Framework and Market Development Strategy for Financial Leasing Services in Georgia

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ABT BRITAIN LIMITED awarded a contract to Policy and Management Consulting Group for the design and creation of a legislative framework and market development draft strategy for financial leasing services in Georgia.

The project aimed to support the Government of Georgia's commitment to accelerate economic growth by developing a strategy for a vibrant leasing industry as a tool for financing MSME growth and stimulating fixed capital formation.

The main beneficiary and reform owner was the PM Office, with key stakeholders including the Ministry of Economy and Sustainable Development, Ministry of Finance, National Bank of Georgia, and the Investment Council.

Implemented in two phases from December 2020 to March 2021, the first phase involved analysis of the current and potential leasing market, legislative framework, and international best practices, while the second phase prepared the leasing development strategy, recommendations on the legislative framework, and an implementation roadmap.

Main outputs included assessment reports on the leasing market, legal, tax and regulatory environment, and international best practices, as well as a draft strategy with recommendations and a roadmap, considering the interests of all key stakeholders including MSMEs run by women and vulnerable groups.

The contract value was AUD 106,810.