25. Is there a ban on candidates taking loans in relation to election campaigns?
Georgia
Article 25:
A party may take a loan only from commercial banks operating in Georgia, which shall not exceed GEL 1 million in total over a calendar year.
Source: საქართველოს ორგანული კანონი „მოქალაქეთა პოლიტიკური გაერთიანებების შესახებ“, 25-ე მუხლის, 5 პუნქტი, 1997
[Article 25 (5), Organic Law of Georgia on Political Associations of Citizens, 1997].
Even though Article 25 (5) of the Organic Law of Georgia on Political Associations of Citizens (1997) specifically refers to party, the standard practice extends this regulation to candidates as well. In essence, the rules governing candidates often mirror those already in place for political parties, though the legislative clarity on this matter may not be consistent. Despite any potential ambiguity in the law, applying these principles to both parties and candidates is widely accepted and uncontested.