International Monetary Fund

Please send us your feedback

Tbilisi, Georgia. Photo by lohaspackers1234

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


Macroeconomic Developments in Caucasus and Central Asia, June 12, 2015

The Caucasus and Central Asia (CCA) region is facing new, likely long-lasting, realities, according to Azim Sadikov, IMF Resident Representative in Georgia who presented the IMF’s latest regional assessment on June 12, 2015. The region’s economies have been hit by a combination of lower commodity prices, sharp slowdown in Russia, and the worldwide strengthening of the U.S. Dollar. The near-term priorities center on preserving macro-financial stability while shoring up growth. Greater exchange rate flexibility can help buffer shocks, prevent reserve drawdowns, and protect competitiveness. Over the medium term, the region needs to embark on fiscal consolidation to rebuild depleted buffers and on deep structural reforms to raise growth and make it more inclusive and diversified. Representatives of the Georgian government, Parliament, the President’s administration, the National Bank of Georgia, the business community, the civil society, and the press attended the presentation and participated in discussions. click for more

“Just like Georgia, the lari has a bright future”

Georgian Journal's exclusive interview with IMF resident representative Azim Sadikov click for more

Interview of Azim Sadikov, IMF Resident representative to the Business Press News

in Georgian click for more

Managing Public-Private Partnerships

Presentation by Azim Sadikov click for more

Interview of Azim Sadikov, IMF Resident representative to the FINANCIAL

February 16, 2015 click for more

Click for More click for more

Georgia and The IMF

How to De-Dollarize Financial Systems in the Caucasus and Central Asia?

September 23, 2015
Author/Editor: Sami Ben Naceur ; Amr Hosny ; Gregory Hadjian
Series: Working Paper No. 15/203
 click for more

IMF Program Note on Georgia

April 6, 2015
Program Note on Georgia click for more

Georgia: Concluding Statement of an IMF Staff Visit

March 4, 2015

Georgia: First Review Under the Stand-By Arrangement and Request for Modification of a Performance Criterion-Staff Report; and Press Release

January 20, 2015
Series: Country Report No. 15/17 click for more

Uncertainty and the Employment Dynamics of Small and Large Businesses

January 14, 2015
Author/Editor: Vivek Ghosal ; Yang Ye
Series: Working Paper No. 15/4
 click for more

Click for More click for more

Caucasus and Central Asia

image from the publication cover

Oil Price Decline and Regional Spillovers Darken the Outlook

Economic activity in the Caucasus and Central Asia (CCA) will continue to decelerate in 2015 mainly as a consequence of lower commodity prices and spillovers from Russia's slowdown. Where fiscal space and available financing allow, temporary fiscal easing would help economies respond to weakening demand and declining remittances. Over the medium term, fiscal consolidation is needed to rebuild depleted buffers and adjust spending plans to the new regional and global economic context. In light of the depreciation of the ruble and the appreciation of the dollar, greater exchange rate flexibility would ease pressure on reserves while helping oil exporters adjust to lower oil prices. Monetary policy may need to be tightened to keep inflation expectations anchored in the face of weakening currencies. Over the medium term, deep structural reforms, particularly to improve the business climate and governance, would raise prospects and make economic growth more inclusive and diversified.