Georgia : First and Second Reviews Under the Stand-By Arrangement and Under the Standby Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

April 3, 2013

Electronic Access:

Free Full Text (PDF file size is 1063 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The new government is committed to prudent macroeconomic policies and to enhancing Georgia’s business-friendly environment. Large external liabilities plus its high current account deficit remain the main sources of vulnerability, and reducing these in an orderly manner is a key macroeconomic challenge. Greater exchange rate flexibility should help align its monetary policy and exchange rate decisions more closely with its inflation. Maintaining central bank independence and increasing monetary policy transparency are welcomed by the Executive Directors. The impressive structural agenda aims at improving the business environment and at boosting competitiveness.

Series:

Country Report No. 13/95

Subject:

English

Publication Date:

April 3, 2013

ISBN/ISSN:

9781484323557/1934-7685

Stock No:

1GEOEA2013003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

82

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