ISET

Francois Painchaud of IMF presents at ISET

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On November 27, ISET hosted Francois Painchaud, the Resident Representative of the International Monetary Fund (IMF) in Georgia. Mr. Painchaud presented the 2017 October Regional Economic Outlook for the Caucasus and Central Asia (CCA) region, covering the global and regional environment, outlook and policy actions, and policies to help maintain macroeconomic stability and how to secure higher and more inclusive growth.

At the beginning of the presentation, Mr. Painchaud overviewed the main trends in the global and regional environment. Strengthening economic conditions in the region’s main trading partners and stabilizing the commodity prices, combined with continued implementation of structural reforms are anticipated to support the recovery. Growth in the CCA region started to pick up during the second half of 2016, and is expected to accelerate, but medium-term growth is forecast to remain below historical norms.

Student Policy Seminar Series: Impacts of Baku-Tbilisi-Kars railroad on Poti Sea Port

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On November 22, ISET started a policy seminar series provided by the second year students of ISET’s MA program. The first presentation was delivered by Tamari Tetvadze & Gunash Kamzaevi, under the supervision of Eric Livny, president of ISET and ISET-PI, and Giorgi Mzhavanadze, Senior Researcher at the Macroeconomic Policy Research Center(MPRC) of ISET-PI. The students gave a presentation entitled “Impacts of Baku-Tbilisi-Kars Railroad on Poti Sea Port” during which they overviewed different issues related to the railroad.

According to the students, transport and distribution are key considerations when planning for international trade. Development in trade is mirrored in the development in international transport. Choosing the right mode of transport is essential to ensure import or export operations are efficient and cost-effective. Different types of transport available – such as road, rail, air and maritime options – were all discussed during the presentation. The students highlighted that despite being comparatively slow compared to other methods, modern sea transport is a highly effective method of transporting large quantities of non-perishable goods.

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