Georgia Resident Representative Site
Resident Representative Office in Georgia
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.
News — Highlights
საერთაშორისო სავალუტო ფონდის აღმასრულებელ დირექტორთა საბჭომ დაასრულა საქართველოში საერთაშორისო სავალუტო ფონდის მიმდინარე პროგრამის პირველი და მეორე მიმოხილვა
Mr. Azim Sadikov, IMF Resident Representative in Georgia, presented the latest IMF assessment of the economic outlook for the world and for Georgia. Representatives of the government, the national bank, the business community and the press attended the presentation, which was followed by a discussion of the economic and policy challenges facing Georgia, other countries of Caucasus and Central Asia region, and emerging market economies.
Mr. Edward Gardner, IMF Senior Resident Representative in Georgia, presented the latest IMF assessment of the economic outlook for the world and for Georgia. Representatives of the government, the national bank, the business community and the press attended the presentation, which was followed by a discussion of the economic and policy challenges facing Georgia and other emerging market economies.”
Growth in the Caucasus and Central Asia (CCA) is expected to come to a near halt this year—contracting to 0.9 percent in 2009 from 6.3 percent in 2008—and recover only gradually in 2010, according to the latest IMF forecast for the region.
Georgia and The IMF
Georgia: First and Second Reviews Under the Stand-By Arrangement and Under the Standby Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia
April 3, 2013
Series: Country Report No. 13/95
March 22, 2013
Program Note on Georgia
Press Release: IMF Executive Board Completes First and Second Reviews under Stand-By Arrangement and Stand-By Credit Facility Arrangement for Georgia
Georgia -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 01, 2013
March 1, 2013
PDF File Size: 331Kb
Georgia: Report on Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism
January 8, 2013
Series: Country Report No. 13/5
Regional Economic Outlook: Middle East and Central Asia
The outlook for the Middle East and North Africa region is mixed. Oil-importing countries are witnessing tepid growth, and the moderate recovery expected in 2013 is subject to heightened downside risks. For the Arab countries in transition, ongoing political transitions also weigh on growth. With policy buffers largely eroded, the need for action on macroeconomic stabilization and growth-oriented reforms is becoming increasingly urgent. Countries will need to put in place safety nets to protect the poor and build consensus for some difficult fiscal choices. The region's oil exporters are expected to post solid growth in 2012, in part due to Libya's better-than-expected postwar recovery. In the countries of the Gulf Cooperation Council, robust growth is supported by expansionary fiscal policies and accommodative monetary conditions.
In the Caucasus and Central Asia, the outlook remains favorable, reflecting high oil prices that are benefiting oil and gas exporters, supportive commodity prices and remittance inflows benefiting oil and gas importers, and, for both groups, moderate direct exposure to Europe. The positive outlook provides an opportunity to strengthen policy buffers to prepare for any downside risks.