Georgia: Selected Issues
IMF Staff Country Reports, June 28, 2018
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- Georgia: Selected Issues
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Bibliographic details
- Published: June 28, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484364062.002
Overview and Purpose
- Assesses macroeconomic and structural reforms in Georgia.
- Evaluates a government reform package comprising fiscal consolidation, scaling up public investment, improving government efficiency, and education reform.
- Uses modeling analysis to quantify macroeconomic benefits of the reform package.
Major Findings
- Over the long term, real GDP is estimated to be about 5 percent higher than in the baseline.
- In the transition toward the new equilibrium, annual growth is estimated to be about 0.7 percentage points higher over the medium term.
- The education reform has sizeable effects, but they only come into effect in the long term.
Policy Elements Assessed
- Fiscal policy within a declining deficit path intended to incentivize private investment.
- Scaling up of public investment.
- Improvements in government efficiency.
- Education reform.
Subjects and Keywords (as listed)
- Education, Employment, Export diversification, Exports, International trade, Labor, Labor force, Labor markets
- Keywords: CR, Employment, Export diversification, export product diversification, Exports, GDP, GDP growth, Georgia, Global, ISCR, Labor markets, monetary policy stance, National bank of Georgia, product, productivity growth
Content in this bundle
- Country Report