Executive Board
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on Georgia:

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July 10, 2013
March 13, 2013
April 11, 2012
June 8, 2011
March 23, 2011

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 5 5.0
Consumer Prices 4.6 4.9
Source: World Economic Outlook (October 2014)
Please refer to more recent PIN/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 December 19, 2014

The last Article IV Executive Board Consultation was on July 10, 2013. Listed below are items related to Georgia, in reverse chronological order (you can also view items by category).

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March 08, 2001 -- Transcript of a Joint Briefing by IMF European II Department Assistant Director, Mohammad Shadman-Valavi, and World Bank Sector Manager, Samuel Otoo, on External Debt and Fiscal Sustainability in Armenia, Georgia, Kyrgyz Republic, Moldova, and Tajikistan
These countries have received little in the way of bilateral grants and have relied increasingly on the Fund and the Bank for financial assistance. Their debt burden is expected to create serious balance of payments and fiscal difficulties and adversely affect poverty reduction efforts in these countries in the coming years.
February 07, 2001 -- Armenia, Georgia, Kyrgyz Republic, Moldova, and Tajikistan: External Debt and Fiscal Sustainability
This paper examines the debt situation in the five CIS countries that are eligible for PRGF and IDA only. It describes the size and composition of the debt and the key factors that have led to its rapid accumulation in recent years.
January 12, 2001 -- Press Release: IMF Approves US$141 Million PRGF Loan for Georgia
December 06, 2000 -- Georgia Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, December 6, 2000
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.
December 04, 2000 -- Interim Poverty Reduction Strategy Paper - Joint Staff Assessment
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 104Kb
November 30, 2000 -- Poverty Reduction And Economic Growth Program of Georgia - Interim Document -- Interim Poverty Reduction Strategy Paper
Summarizes the current knowledge and analysis of a country's poverty situation, describes the existing poverty reduction strategy, and lays out the process for producing a fully developed PRSP in a participatory fashion.
September 24, 2000 -- Intervention by Mr. Gerrit Zalm, Minister of Finance of the Netherlands International Monetary and Financial Committee Meeting
The International Monetary and Financial Committee statement on behalf of the constituency comprising Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, The Netherlands, Romania, and Ukraine.
June 22, 2000 -- Georgia: Recent Economic Developments and Selected Issues
Series: IMF Staff Country Report No. 00/68
May 18, 2000 -- Public Information Notice: IMF Concludes Article IV Consultation with Georgia
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
April 16, 2000 -- International Monetary and Financial Committee Meeting Intervention by Mr. Nout Wellink, President of De Nederlandsche Bank
The International Monetary and Financial Committee member for the constituency consisting of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Moldova, Netherlands, Romania, Ukraine.
September 26, 1999 -- Intervention by Mr. Gerrit Zalm, Minister of Finance of the Netherlands - Interim Committee Meeting
The Interim Committee member for the constituency consisting of Republic of Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, former Yugoslav Republic of Macedonia, Republic of Moldova, The Netherlands, Romania and Ukraine.
July 23, 1999 -- Press Release: IMF Approves Augmentation and Extension of Georgia's ESAF Loan
July 12, 1999 -- Georgia Letter of Intent, July 12, 1999
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, 1999 -- The Georgian Hyperinflation and Stabilization
Author/Editor: Wang, Jian-Ye
Series: Working Paper No. 99/65
December 11, 1998 -- REVISED News Brief: New Financial Support for Poorest Countries Neighboring Russia
October 13, 1998 -- Georgia - Recent Economic Developments and Selected Issues
Series: IMF Staff Country Report No. 98/99
October 07, 1998 -- Statement by the Hon. Vladimer Papava, Alternate Governor of the World Bank for Georgia, at the Joint Annual Discussion
PDF File Size: 22Kb
September 11, 1998 -- Public Information Notice: IMF Concludes Article IV Consultation with Georgia and Approves Third Annual ESAF Arrangement
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
July 28, 1998 -- Press Release: IMF Approves Third Annual ESAF Loan for Georgia
July 10, 1998 -- Policy Framework Papers - Georgia: Enhanced Structural Adjustment Facility Policy Framework Paper, 1998-2000 - Text
Prepared by the Georgian authorities in collaboration with the staffs of the International Monetary Fund and the World Bank

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