Under the Saakashvili administration, Georgia undertook a number of profound institutional reforms aimed at modernizing the economy and improving business climate. Kakha Bendukidze (1956–2014) was one of the most notable team members during his governance, coordinating the Ministry of Economical Reforms of Georgia. Implemented institutional reforms created an effective, professional and transparent public sector, motivated to protect the principles of democracy. Due to the economic deregulation policy, number of state regulated spheres sharply decreased, as well as regulation procedures were simplified.