Georgia: Ninth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia.

June 27, 2011

Preview Citation

Format: Chicago

Georgia: Ninth Review Under the Stand-By Arrangement and Request for Waiver of Nonobservance of Performance Criterion: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia., (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

This is the final review under the Stand-By Arrangement for Georgia. Recent economic developments have been largely in line with the program expectations. Policy targets for the year 2011 have been strengthened. The authorities are in the process of designing a medium-term policy framework to address these challenges. The authorities reiterated their interest in a successor arrangement, but needed time to design their medium-term policy framework before submitting a formal request. The economy is growing at a solid pace, and international reserves have been restored to pre-crisis levels.

Subject: Banking, External debt, Financial institutions, Foreign exchange, Loans, Monetary base, Money, Public debt

Keywords: Benchmark Eurobond transaction, Core inflation, CR, EBRD lending, Forecasting capability, Global, ISCR, Loans, Monetary base, Monetary policy stance, NBG president, SBA-supported program, SDR

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/146
Stock No:

1GEOEA2011004
ISBN:

9781455285624
ISSN:

1934-7685

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