EBRD President warns Georgia's "foreign agents" law may harm economy, investor confidence, and EU membership prospects.

EBRD President, Odile Renaud-Basso, warns that Georgia's proposed "foreign agents" law, requiring orgs with >20% foreign funding to register as foreign influence agents, could harm the country's economy and investor confidence. The draft law, opposed by EU and US, might impact Georgia's EU membership prospects and deter foreign investments. EBRD is engaging with partners to address these concerns.

May 07, 2024
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