Georgia : Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Waiver of Performance Criterion and Conversion of an Indicative Target into a Performance Criterion

Author/Editor:

International Monetary Fund

Publication Date:

September 1, 2005

Electronic Access:

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Summary:

This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility (PRGF) for Georgia. All quantitative performance criteria (PCs) for end-December 2004 were met, but the indicative target on reserve money growth was exceeded, mainly because of large unsterilized intervention in the foreign exchange market. The structural reform agenda focuses on consolidating the fiscal gains, removing key obstacles to growth, and enhancing social protection and the provision of basic services.

Series:

Country Report No. 05/314

Subject:

English

Publication Date:

September 1, 2005

ISBN/ISSN:

9781451951509/1934-7685

Stock No:

1GEOEA2005004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

70

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