Georgia: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

August 31, 2007

Preview Citation

Format: Chicago

Georgia: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Summary

This paper discusses key findings of the Sixth Review Under the Poverty Reduction and Growth Facility (PRGF) for Georgia. Economic performance in recent years has been impressive, with the establishment of macroeconomic stability, a dramatic fiscal turnaround, and remarkable improvements in governance and the business environment. The original targets under the PRGF arrangement have been reached or exceeded. All quantitative performance criteria for the final review were met. Given the authorities’ strong performance, IMF staff supports the completion of the Sixth Review and the request for a waiver.

Subject: Balance of payments, Current account deficits, Export performance, External debt, Imports, International trade, Monetary base, Money

Keywords: CR, Current account deficits, Executive board discussion, Export performance, Government plan, Growth facility, Imports, ISCR, Monetary base, PRGF arrangement, Request, Three-Year arrangement, Waiver

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/299
Stock No:

1GEOEA2007002
ISBN:

9781451814668
ISSN:

1934-7685

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