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Analyst warns of economic challenges amid suspension of Western aid, isolation risk

Politics
11.01.2024 / 11:36
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Political analyst Zurab Batiashvili has warned that Georgia may face a challenging economic outlook as several Western nations announce a halt in financial aid, which he believes could worsen in the coming months. Speaking on the impact of recent developments, Batiashvili underscored that deteriorating relations with Western allies may lead to severe financial constraints for Georgia.

“The development of bilateral relations is vital for Georgia,” he emphasized, noting that barriers to such cooperation would intensify the country’s economic vulnerability. “Due to the problem of legitimacy, it will be difficult to hold meetings and develop bilateral relations,” Batiashvili said, referencing the potential impact of disputed elections and a credibility gap in governance.

Highlighting the potential consequences of these issues, Batiashvili pointed out that continued aid suspensions and potential isolation could profoundly impact Georgia’s economy. “We will find ourselves in a very difficult economic situation,” he stated, linking the crisis to recent events in the country, including what he termed as “total falsification of the elections” and the ensuing risks of diplomatic isolation.

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