The Impact of Preferential Agro Credit on the Development of Agribusiness in Georgia
The Impact of Preferential Agro Credit on the Development of Agribusiness in Georgia

Summary/Abstract: The paper analyzes the agribusiness development indicators in Georgia and evaluates the growth tendencies in this field. The achieved results are not considered to be sufficient for ensuring a competitive production. The article provides the assessment of the role of agribusiness in economic growth and achieving social stability of the country. The hindering factors for the development of agribusiness are identified through expert evaluations and priority schemes. One of the most acute problems is considered to be limited access to cheap, long-term and affordable financial resources. The paper studies demand and supply structure of preferential agro credit and the factors affecting this structure. The possibilities of improving infrastructure capacities, introduction of modern technologies in production, development of integration processes for creation of added value in agribusiness by using preferential agro credit are substantiated. The paper provides conclusions and recommendations on the possibilities of development of agribusiness in terms of preferential agro credits, as well as on the improvement of credit disbursement mechanism and simplification of procedures.

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