Georgia: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Waiver of Performance Criterion and Conversion of an Indicative Target into a Performance Criterion

September 1, 2005

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Georgia: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Waiver of Performance Criterion and Conversion of an Indicative Target into a Performance Criterion, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility (PRGF) for Georgia. All quantitative performance criteria (PCs) for end-December 2004 were met, but the indicative target on reserve money growth was exceeded, mainly because of large unsterilized intervention in the foreign exchange market. The structural reform agenda focuses on consolidating the fiscal gains, removing key obstacles to growth, and enhancing social protection and the provision of basic services.

Subject: Currencies, Expenditure, Monetary base, Money, Poverty, Poverty reduction strategy, Revenue administration

Keywords: Authority, Bankruptcy regime, CR, Currencies, Executive board discussion, Global, Government, Government operation, ISCR, Monetary base, Poverty reduction strategy, Reform agenda, Staff appraisal

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/314
Stock No:

1GEOEA2005004
ISBN:

9781451951509
ISSN:

1934-7685

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