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Fixed Income Securities in Georgia – Research Report
Financial Market Reports
After a slow start, Georgia’s bond market has grown rapidly over the last 7 years, with the total stock of bonds outstanding growing from GEL 1,898m in 2010 to GEL 8,104m in 2017. The growth has been driven by the robust performance of Georgia’s economy, the development of the country’s banking sector, financial stability, and the signing of the EU Association Agreement in 2014 that propelled major regulatory and legislative reforms.