Georgia: Third Review Under the Extended Fund Facility Arrangement-Press Release; Staff Report; Staff Supplement

December 19, 2018

Preview Citation

Format: Chicago

Georgia: Third Review Under the Extended Fund Facility Arrangement-Press Release; Staff Report; Staff Supplement, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

Recent economic developments. Economic activity remained strong in 2018H1 but decelerated since due to subdued private construction activity and delays in public infrastructure. Inflation has remained below the 3-percent inflation target in 2018. Higher revenues and lower investment resulted in a fiscal surplus through September 2018. Against the background of high credit growth, the authorities introduced regulations to limit household over-indebtedness. The banking sector remains well capitalized, liquid, and profitable, but dollarization remains high.

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

Keywords: CR, Credit, Discussion, Global, Government, Inflation-targeting framework, ISCR, Loans, NBG debt to the IMF, Reform effort, Spending allocation, Third Review of Georgia's performance, Vulnerability to external shocks

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/373
Stock No:

1GEOEA2018007
ISBN:

9781484391549
ISSN:

1934-7685

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