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Regulatory Impact Assessment to Establish Effective Employment Mechanism in Georgia

21-Aug-2017

Regulatory Impact Assessment to Establish Effective Employment Mechanism in Georgia

Overcoming unemployment, creating new job opportunities and supporting vocational education are all considered priority issues for the Georgian authorities which are planning the implementation of relevant regulations to address these issues. The program "Legal App...

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Promoting Tourist Destinations in the Regions of Georgia

18-Aug-2017

Promoting Tourist Destinations in the Regions of Georgia

PMCG, together with Ecorys Poland and Best Place – European Place Marketing Institute, has started working with the Georgian National Tourism Administration (GNTA) as part of a World Bank project, aiming to support the promotion of tourist destinations in Georgia, speci...

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Supporting Liberia in Planning and Implementing Excise Stamps Reform

04-Aug-2017

Supporting Liberia in Planning and Implementing Excise Stamps Reform

Through July-August, PMCG is holding meetings with representatives of Liberia’s Revenue Authority, the Ministry of Finance and Development Planning (MFDP), the business sector and other stakeholders to assist Liberian authorities in planning and carrying out excise stam...

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Competition for Post-graduate Researchers for Elaborating Policy Research Papers

02-Aug-2017

Competition for Post-graduate Researchers for Elaborating Policy Research Papers

PMC Research announced a competition for post-graduate researchers from institutions of higher education and other institutions in Georgia for elaborating policy research papers, under recently launched project - “Public Policy Discourse and Dialogue Platform”. The...

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Supervising Rehabilitation of Water Supply Systems in 18 Towns of Georgia

31-Jul-2017

Supervising Rehabilitation of Water Supply Systems in 18 Towns of Georgia

PMCG, in consortium with Temelsu, under the European Investment Bank (EIB) project supervises the construction and rehabilitation works in towns of Georgia - Tsnori, Telavi-Kurdgelauri, Akhmeta, Lagodekhi, Sagarejo, Dusheti, Tkibuli, Zestaponi and under defect nodific...

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Evaluation of four NGO implemented Programmes in Georgia

19-Jul-2017

Evaluation of four NGO implemented Programmes in Georgia

Currently Georgia has an enabling environment for civil society. There has been slow yet steady progress towards a more diversified civil society with stronger organisations appearing in the regions. There is now also a greater understanding among CSOs of the import...

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Enhancing Public Finance Management in South Africa

07-Jul-2017

Enhancing Public Finance Management in South Africa

Effective management of public finances encourages aggregate fiscal discipline, operational efficiency and strategic allocation of resources. All of these elements are critical to achieving the public policy objectives, described in South Africa’s 2030 National Developm...

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Discussing How to Fight Corruption

04-Jul-2017

Discussing How to Fight Corruption

On June 26, PMCG’s team members Sopio Khoshtaria and Shushanik Safaryan participated in the 2nd Regional Meeting of the “Anti-Corruption Professionals Network at the Black Sea”, in Kutaisi, Georgia. The event gathered anti-corruption practitioners, local government...

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Welcoming Our New Research Director

29-Jun-2017

Welcoming Our New Research Director

We are delighted to welcome Giorgi Khishtovani to our team, as our new Research Director. Giorgi brings with him eight years of sound experience in public, private and non-governmental sectors in Georgia and abroad, as a lecturer, trainer, consultant, researcher, and pr...

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Supporting Tajik CSOs to Engage in Budget Process

28-Jun-2017

Supporting Tajik CSOs to Engage in Budget Process

On June 13-16, PMCG gave a series of trainings on public financial management for civil society organizations (CSOs), working on social and economic issues, in Vardzob, Tajikistan.The series were part of the UK AID project Supporting Public Finance Reforms in Tajikistan...

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PUBLICATIONS

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97: Remittances - January-June, 2017

26-Jul-2017

97: Remittances - January-June, 2017

  In the first half of 2017: Remittance inflows to Georgia amounted to $629 Mln Remittance outflows from Georgia amounted to $96.3 Mln Inflow from Russian Federation, United States, Italy, Greece, Israel, and Turkey amounts to 81% of total remittance inflows to Georgia...

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96: Construction - I Quarter, 2017

06-Jul-2017

96: Construction - I Quarter, 2017

  In the first quarter of 2017, compared to the corresponding period of 2016: Production value of the construction sector increased by 13%; Total turnover of the construction sector increased by 16%; Foreign direct investments in the construction sector increased by 18...

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Issue 95: Business Sector - I Quarter, 2017

22-Jun-2017

Issue 95: Business Sector - I Quarter, 2017

  In the first quarter of 2017, compared to the corresponding period of 2016: The production value of the business sector significantly increased (16%); A 19.1% increase in total turnover was observed; The number of persons employed in the business sector increased (4...

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Improving Financial Governance in Montenegro

24-May-2017

Podgorica-overview


Montenegro is developing a functional market economy and is implementing reforms in order to create a favorable and attractive investment climate, necessary for economic growth. The country has developed the Economic Reform Program (ERP) – the key strategic document for medium-term macroeconomic and fiscal programming, and for EU accession.

PMCG, in consortium with ADE - Aide à la Décision Économique, under the European Commission project - Support to the Assessment of Macroeconomic Impact of Structural Reforms (under Lot 11 framework) - will work with the Government of Montenegro, in particular with the Ministry of Finance, to improve financial governance and to prepare strategic documents for EU accession.

The project team will work with the Ministry of Finance and other relevant line ministries while selecting, evaluating and assessing the impact of the structural reforms, proposed in the ERP.

Based on in-depth analysis, the team will develop a new macroeconomic model and dynamic Computable General Equilibrium (CGE) – a model used to forecast government revenues and outlays, and to project the effects of policy changes on the government budget and other macroeconomic indicators. It will also conduct capacity building activities for staff at the Ministry and will develop manuals for using the models. By the end of the collaboration, the Ministry staff will participate in a study tour in one of the EU member states to enhance their skills and capacity in the usage of models and forecasting.

As a result of the project, the Government of Montenegro will obtain a more accurate macroeconomic model and strengthen its capacity to use them effectively. This will allow the Government to monitor the implementation of the structural reform measures and their impact, as well as the path of the accumulated impacts of the policy change over a certain time period.

 

Please kindly follow the link below for detailed information about the project:
Support to the Assessment of Macroeconomic Impact of Structural Reforms

 

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