Georgia: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion

January 4, 2005

Preview Citation

Format: Chicago

Georgia: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Summary

The staff report for the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on Georgia highlights economic developments and policies. Growth has remained robust and inflation subdued against the backdrop of steady remonetization. Rapid growth in fiscal revenue has permitted a faster-than-expected clearance of domestic arrears. Parliament is expected to vote shortly on a tax reform bill designed to streamline the tax code and encourage investment. Structural reforms will continue to be geared toward consolidating the fiscal position, deepening financial sector reforms.

Subject: Currencies, External position, Foreign assets, Imports, International trade, Monetary base, Money, Public financial management (PFM), Revenue administration

Keywords: Budget bill, CR, Executive board discussion, Foreign assets, GDP, Georgian authorities, Global, Government, Imports, ISCR, Monetary base, PRGF arrangement, Reform agenda

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/001
Stock No:

1GEOEA2005001
ISBN:

9781451814569
ISSN:

1934-7685

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