Georgia: Request for Extended Arrangement Under the Extended Fund Facility and Cancellation of Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Georgia

April 13, 2017

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Georgia: Request for Extended Arrangement Under the Extended Fund Facility and Cancellation of Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Georgia, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This paper discusses Georgia’s Request for Extended Arrangement under the Extended Fund Facility and Cancellation of Stand-by Arrangement (SBA). The authorities in Georgia have formulated a comprehensive program to preserve macro and financial stability and advance structural reforms to bolster growth. The program envisions fiscal consolidation over the medium term, anchored in keeping debt at its current level while shifting spending toward capital investment to address infrastructure bottlenecks. The IMF staff supports the authorities’ request for the approval of the three-year Extended Arrangement under the Extended Fund Facility and the cancellation of the SBA arrangement.

Subject: Banking, External debt, Financial institutions, Loans, Public debt, Revenue administration, Tax administration core functions

Keywords: Asia and Pacific, Central Asia, Central Asia and the Caucasus, CR, EFF-supported program, Europe, Executive board discussion, Global, Government, ISCR, Loans, Monetary policy transmission mechanism, Reform, Reform effort, Reform strategy, Right, Tax administration core functions

Publication Details

Pages:

103
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/097
Stock No:

1GEOEA2017001
ISBN:

9781475594652
ISSN:

1934-7685

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