Georgia is a country located in the Caucasus region bordering the Black Sea. It has a population of 4.5 million people and its capital and largest city is Tbilisi. Georgia's economy has grown significantly in recent years, with GDP growth averaging over 17% from 2003-2008, though it declined to -4% in 2009 due to the global financial crisis. The banking sector emerged from the crisis in reasonably good condition and loan impairments have stabilized, though future growth is expected to be less risky than pre-crisis levels. Georgia has implemented pro-business reforms and offers attractive tax incentives to foreign investors.