Kakha Baindurashvili

Kakha Baindurashvili (Georgian: კახა ბაინდურაშვილი) (born September 26, 1978) is a Georgian politician who was the country's Minister of Finance from February 6, 2009 to June 17, 2011.

Kakha Baindurashvili
Minister of Finance of Georgia
In office
6 February 2009 – 17 June 2011
PresidentMikheil Saakashvili
Preceded byNikoloz Gilauri
Succeeded byDimitri Gvindadze
Deputy Finance Minister
In office
December 2008 – 6 February 2009
Personal details
Born (1978-09-26) September 26, 1978
Tbilisi, Georgian SSR, USSR
Alma materTbilisi State University, Williams College
WebsiteGovernment of Georgia

Early life

Born in Tbilisi, Baindurashvili earned a master's degree in economics at the Tbilisi State University in 2000 and master's degree in Economics from Williams College, Williamstown, Massachusetts, USA, in 2006. In 1999–2000, he worked as the editor of Prime News Agency. From 2000 to 2002, he was the Head of Investment Projects Monitoring Division at the Ministry of Finance of Georgia. From 2002 through 2004, he worked at the UNDP Project Office.[1] From March 2004 to July 2005 he held a post of the Deputy Chairman of the Supervisory Board of Georgian Railway.

Political career

Baindurashvili served as an advisor to the Prime Minister of Georgia from 2004 to 2005. He was appointed Chairman of the State Tax Department of the Ministry of Finance in 2006. From March, 2007 through January, 2009 he served as the First Deputy Minister of Finance.[1] On February 6, 2009 he succeeded the Minister of Finance Nika Gilauri who in turn became the country's Prime Minister.[2][3]

Among other reform measures, Baindurashvili oversaw Georgia issuing Eurobonds for the first time, in 2008, and again in 2011.[4] Other reforms included introducing electronic declaration system for tax and customs' services. As four out of total five procedures were eliminated, customs examination process became shorter and more efficient.[5] Under his leadership, Georgia managed to, relatively successfully, continue economic development despite major global and regional problems[6] (the global economic crisis & the Russo-Georgian War). GDP growth for the year 2010, a 6% increase, was better than the estimated 2%.[7] Alongside important reforms, the Ministry was able to support allocating financial resources for a major restoration initiative for Georgian hospitals.[8] These advancements are attributed to structural improvements, fiscal stabilization, as well as financial aid from international organizations.[7]

On June 17, 2011, Gilauri announced that Baindurashvili was replaced by Dimitri Gvindadze, who had been serving as a Deputy Minister of Finances since 2005, and the former minister would become chairman of supervisory board of the state-owned Georgian Post, which originally was intended for privatization.[9] In 2011, he was also elected as the President of the Georgian Chamber of Commerce and Industry.[10]

See also
  • Cabinet of Georgia

References
  1. "Ministry of Finance of Georgia. Minister. Biography". Archived from the original on 2010-12-21. Retrieved 2011-02-21.
  2. Cabinet Wins Confidence Vote. Civil Georgia. February 6, 2009
  3. Kakha Baindurashvili – Biography. Civil Georgia. January 30, 2009
  4. Modebadze, Salome (13 April 2011). "Eurobonds used for second time to soothe Georgian Economic pain". The Messenger. Retrieved 20 November 2020.
  5. Mtchedlidze, Kakha (27 Jan 2010). "The Minister of Finance informed the businessmen about the changes made in the customs sphere". radiotavisupleba. Retrieved 2 December 2020.
  6. "Government of GeorgiaPrime-Minister of Georgia Nika Gilauri held a briefing". www.gov.ge. Retrieved 2020-12-03.
  7. "2010 წელი ფინანსთა სამინისტროსთვის წარმატებული აღმოჩნდა |". ნეტგაზეთი. Retrieved 2020-12-03.
  8. "Minister of Finance on developments in 2010". Youtube.
  9. Finance Minister Replaced. Civil Georgia. June 17, 2011
  10. Civil.GE (20 July 2011). "Ex-Finance Minister to Lead Chamber of Commerce". Retrieved 20 November 2020.


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