Georgia: Seventh and Eighth Reviews Under the Stand-By Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchases—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

January 28, 2011

Preview Citation

Format: Chicago

Georgia: Seventh and Eighth Reviews Under the Stand-By Arrangement, and Requests for Waivers of Nonobservance of Performance Criteria and Rephasing of Purchases—Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia, (USA: International Monetary Fund, 2011) accessed November 23, 2024

Summary

Real GDP growth for 2010 has been revised upward to 6.3 percent, and annual CPI inflation has increased to about 10 percent. End-December performance criteria (PC) are expected to be met, with the exception of the fiscal deficit and general government expenditure targets owing to the late disbursement of budget grants and disbursements under a project loan on-lent by the government, which came in earlier than the authorities anticipated. Policies are on track and have broadly delivered on program objectives.

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

Keywords: Budget deficit PC, CR, Credit, End-December NDA, Fund staff estimate, Global, ISCR, Loans, Nonobservance, Purchases informational annex, Requests for waivers of nonobservance of performance criteria, Waiver

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/031
Stock No:

1GEOEA2011001
ISBN:

9781455213887
ISSN:

1934-7685

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