This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Georgia and the IMF. Additional information can be found on Georgia and IMF country page, including official IMF reports and Executive Board documents in English that deal with Georgia.

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Georgia: At a Glance

  • Current IMF membership: 189 countries
  • Georgia joined the Fund on May 5, 1992
  • Quota: SDR 150.30 million
  • IMF Executive Board Concludes the 2013 Article IV Consultation with Georgia (Country Report 13/264)
  • Read the latest Program Note; April 4, 2016

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Office Activities

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Regional Economic Outlook

Caucasus and Central Asia: Is the Worst Over?

REGIONAL ECONOMIC OUTLOOK Update October 2016

Fiscal accommodation and exchange rate adjustment have helped the Caucasus and Central Asia (CCA) mitigate the immediate impact from large and persistent external shocks, particularly the slump in commodity prices and weaker growth in key trading partners. Growth is starting to recover, but these shocks have left the region with increased fiscal, external, and financial sector vulnerabilities, along with less policy space and weaker medium-term prospects. Policies should continue to support growth in the near term where policy space is available, while aiming to reduce vulnerabilities over time, including through the formulation of credible multiyear fiscal plans, modernization of monetary policy frameworks, and strengthening of financial supervision. Structural transformation to diversify away from commodities and reduce reliance on remittances is needed to improve medium-term growth prospects, boost job creation, and avoid a deterioration in living standards. Read the report