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Significance
EU officials said this was another setback to reforms, after Georgian Dream withdrew from an electoral agreement that had ended months of confrontation with the opposition. Now the government has pre-emptively turned down a loan tranche before the EU can block it.
Impacts
The protracted domestic political crisis will hamper inflows of foreign investment.
One solution will be to solicit Chinese investments despite US concerns.
The pandemic will continue to limit the scope of economic recovery.
Keywords:
Georgia,
RUCIS,
EU,
Russia,
United States,
international relations,
politics,
election,
foreign policy,
judicial,
opposition,
party,
reform
© Oxford Analytica 2021. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2021
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