Executive Board
Board Discussions
on Georgia:

July 11, 2016
July 10, 2013
March 13, 2013
April 11, 2012
June 8, 2011

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2016  2017
Real GDP 2.5 4.5
Consumer Prices 4.3 4.5
Source: World Economic Outlook (April 2016)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Georgia: Financial Position in the Fund

Transactions with the Fund

IMF Resident Representative Office in Georgia

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Georgia and the IMF
Updated September 1, 2016

On July 11th, the Executive Board of the International Monetary Fund concluded the consideration of the Article IV Consultation of Georgia.

Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and exchange rate policies of its members in order to ensure the effective operation of the international monetary system. The IMF’s appraisal of such policies involves a comprehensive analysis of the general economic situation and policy strategy of each member country. IMF economists visit the member country, usually once a year, to collect and analyze data and hold discussions with government and central bank officials. Upon its return, the staff submits a report to the IMF’s Executive Board for discussion. The Board’s views are subsequently summarized and transmitted to the country authorities.

The authorities need more time to consider the publication of the staff report and the related press release.

The last Article IV Executive Board Consultation was on July 11, 2016. Listed below are items related to Georgia, in reverse chronological order (you can also view items by category).

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March 31, 2005 -- Georgia: Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 05/113
March 09, 2005 -- Press Release: Press Statement by IMF Staff Mission to Georgia
January 04, 2005 -- Georgia: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion--Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Georgia
Series: Country Report No. 05/1
December 21, 2004 -- Press Release: IMF Executive Board Completes First Review Under Georgia's PRGF Arrangement and Approves US$21.5 Million Disbursement
November 01, 2004 -- In the Pipeline: Georgia's Oil and Gas Transit Revenues
Author/Editor: Billmeier, Andreas | Dunn, Jonathan C. | van Selm, Bert
Series: Working Paper No. 04/209
October 03, 2004 -- Statement by the Hon. Zurab Nogaideli, Governor of the World Bank for Georgia, at the Joint Annual Discussion
PDF File Size: 117Kb
August 01, 2004 -- Analysis of Recent Growth in Low-Income CIS Countries
Author/Editor: Loukoianova, Elena | Unigovskaya, Anna
Series: Working Paper No. 04/151
June 09, 2004 -- Georgia: Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia
Series: Country Report No. 04/165
June 04, 2004 -- Press Release: IMF Approves US$144 Million PRGF Arrangement for Georgia
May 12, 2004 -- Georgia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 12, 2004
This Letter of Intent of the government of Georgia describes the policies that Georgia intends to implement in the context of its request for financial support from the IMF.
May 01, 2004 -- Debt Accumulation in the CIS-7 Countries: Bad Luck, Bad Policies, or Bad Advice
Author/Editor: Helbling, Thomas | Mody, Ashoka | Sahay, Ratna
Series: Working Paper No. 04/93
April 26, 2004 -- Press Release: IMF, World Bank, EBRD and AsDB Release Report on CIS-7 Initiative
April 24, 2004 -- IMFC Statement by Gerrit Zalm, Minister of Finance of the Netherlands
On behalf of: Republic of Armenia, Bosnia and Herzegovina, Cyprus, Georgia, Republic of Croatia, Israel, Republic of Moldova, former Yugoslav Republic of Macedonia, Kingdom of the Netherlands-Netherlands, Romania, Ukraine. PDF File Size: 610Kb
April 23, 2004 -- Recent Policies and Performance of the Low-Income CIS Countries -- An Update of the CIS-7 Initiative
The second report to the Executive Boards since the launch of the CIS-7 Initiative in April 2002. This Initiative was designed to increase donor awareness about the problems of these countries, and to enhance donor and country coordination. Presents a review of recent trends and developments in the seven low-income countries of the CIS, Armenia, Azerbaijan, Georgia, Kyrgyz Republic, Moldova, Tajikistan, and Uzbekistan. Also describes donor activities in support of reforms in these areas.
February 12, 2004 -- Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, IMF
February 03, 2004 -- Georgia : Ex Post Assessment of Georgia’s Performance Under Fund-Supported Programs
Series: Country Report No. 04/26
January 30, 2004 -- Public Information Notice: IMF Reviews Georgia's Performance Under Past Fund-Supported Programs
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
December 01, 2003 -- Country Focus: The Commonwealth of Independent States -- Finance & Development - December 2003 - Volume 40 - Number 4
A decade after starting their transition to market economies, the CIS countries have achieved impressive economic growth but need to implement further structural reforms to strengthen the investment climate; a statistical analysis illustrated with six graphs.
PDF File Size: 63 Kb
December 01, 2003 -- Bridging the "Great Divide" -- Finance & Development - December 2003 - Volume 40 - Number 4
Poorly developed financial systems in the CIS-7 countries may jeopardize their sustained growth.
PDF File Size: 195 Kb
November 10, 2003 -- Georgia: 2003 Article IV Consultation--Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 03/346

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