IMF Staff Country Reports

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

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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 19, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2020/322

  • Stock No:

    1GEOEA2020006

  • ISBN:

    9781513564845

  • ISSN:

    1934-7685