Georgia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

July 30, 2001

Preview Citation

Format: Chicago

Georgia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2001) accessed November 23, 2024

Summary

The centerpiece of the program is fiscal consolidation, to put Georgia on a path to fiscal sustainability, establish the ability of the government to meet its commitments, and underpin efforts to resolve the large external debt burden. Expenditure restraint should be complemented by reforms to increase fiscal transparency and strengthen expenditure monitoring and control. Maintaining low inflation and a stable exchange rate is required. Combating corruption and improving governance will be the key to attracting the investment needed to ensure strong, sustainable growth and poverty reduction.

Subject: Arrears, Expenditure, External debt, Poverty, Poverty reduction strategy, Revenue administration

Keywords: Anti-corruption strategy paper, Arrears, Bilateral creditor, Central Asia, CR, Europe, IMF staff representative, ISCR, Poverty reduction strategy, PRGF loan, Representative, Rescheduling of Georgia's debt, Willingness

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/109
Stock No:

1GEOEA0012001
ISBN:

9781451814439
ISSN:

1934-7685

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