IMF Staff Country Reports

Georgia: Recent Economic Developments

December 1, 1995

Preview Citation

Format: Chicago

Georgia: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 24, 2024

Summary

This paper describes economic developments in the Republic of Georgia during 1995. The paper highlights that in 1995, the economy of Georgia continues to face severe bottlenecks, especially arising from energy shortages. However, there are signs of increased confidence and a recovery in the first half of 1995, fostered by political stability and the initial fruits of financial stabilization and structural reform. In 1995, agricultural output and cargo transport appear to have increased, and retail trade is growing quickly. Industrial and construction activity, however, remains limited.

Subject: Banking, Commercial banks, Currencies, Exchange rates, Expenditure, Financial institutions, Foreign exchange, Imports, International trade, Money

Keywords: Adjustment program, Balance of payments, Banking system, Commercial banks, CR, Currencies, Exchange rates, Expenditure arrears, Foreign currency, Georgian authorities, Government health expenditure, Government restructuring, Imports, ISCR, Low-paid government worker, Stabilization program

Publication Details

  • Pages:

    114

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1995/112

  • Stock No:

    1GEOEA0011995

  • ISBN:

    9781451814385

  • ISSN:

    1934-7685

Notes

This paper on recent economic developments was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Republic of Georgia, or the Executive Board of the IMF.

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