The Investors Council Secretariat, together with the European Bank for Reconstruction and Development (EBRD) actively supported the factoring reform in Georgia, by facilitating and coordinating the dialogue between various ministries, state agencies, commercial banks and other key stakeholders.
In June 2022, the EBRD initiated the feasibility study for the development of an electronic registry for factoring transactions, that was conducted by the KPMG and final report with findings was presented in 2023.
The final meeting regarding the development of an electronic registry for factoring transactions was held on April 4th, 2023.
The deliverables have been submitted to the relevant agencies, which will initiate legislative changes.
