Recommendations for economic instruments for water management in Georgia

This chapter presents the key recommendations of the study and a shortlist of economic instruments identified following the assessment of the various options. The chapter describes the priorities in implementation of economic instruments reform and timetable. The draft Water Law is central to implementation of economic instruments for water management, hence top priority should go to completing its passage through parliament, leading to its eventual enactment. While this is on the critical path, a number of other actions need to be carried out in preparation for use of the economic instruments, each with its own timetable and duration, and involving different institutions and players. It also discusses some measures for serious further study and possible piloting within a longer time horizon, e.g. payments for ecosystem services, sharing costs and benefits in transboundary basins.