Georgia: 2011 Article IV Consultation-Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Georgia

April 21, 2011

Preview Citation

Format: Chicago

Georgia: 2011 Article IV Consultation-Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Georgia, (USA: International Monetary Fund, 2011) accessed December 22, 2024

Summary

The government of Georgia moved forcefully to counter the economic impact of the August 2008 conflict with Russia and global financial crisis. Monetary and prudential policy easing was, however, unable to prevent a sharp credit squeeze. The economy is recovering at a solid pace, with real GDP growth expected to exceed 6 percent in 2010. To reduce exposure to changes in external market conditions, the authorities could rely more on domestic financing. Macroeconomic policies were generally aligned with previous IMF recommendations.

Subject: Exchange rate flexibility, Exchange rates, External debt, Foreign exchange, Public debt

Keywords: Central Asia, Consultation, Consultation informational annex, CR, Credit story, Current account, Exchange rate flexibility, Exchange rates, Foreign direct investment inflow, Georgian authorities, Global, Government, Inflation development, Inflation pressure, ISCR, Middle East, State intervention

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/087
Stock No:

1GEOEA2011002
ISBN:

9781455249299
ISSN:

1934-7685

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