Georgia: Seventh Review Under the Extended Fund Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Georgia

December 20, 2020

Preview Citation

Format: Chicago

Georgia: Seventh Review Under the Extended Fund Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Georgia, (USA: International Monetary Fund, 2020) accessed September 20, 2024

Summary

Georgia’s performance under the Extended Arrangement has been positive, but the country is now facing a pronounced economic slowdown. Domestic and external demand remain weak, and service sector activity remains sluggish. Staff projects the economy to shrink by 5.1 percent this year followed by a gradual recovery.

Subject: COVID-19, Credit, External debt, Financial institutions, Health, Loans, Money, Public debt

Keywords: Asia and Pacific, Central Asia and the Caucasus, COVID-19, CR, Credit, Economic reform program, Europe, Executive Board discussion, Georgia meet balance of payments, IMF Deputy managing director, Inflation expectation, Inflation pressure, ISCR, Loans

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/322
Stock No:

1GEOEA2020006
ISBN:

9781513564845
ISSN:

1934-7685

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