Georgia: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

October 6, 2008

Preview Citation

Format: Chicago

Georgia: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia, (USA: International Monetary Fund, 2008) accessed September 19, 2024

Summary

This paper examines Georgia’s request for an 18-month arrangement for SDR 477.1 million, equivalent to about US$750 million, which would constitute exceptional access. IMF support to the government’s macroeconomic policies is intended to provide the needed financing to rebuild gross international reserves, and to help restore investor confidence. Monetary policy has to tackle the dilemma of providing sufficient liquidity to the banking system while stabilizing the exchange rate and avoiding an excessive loss of international reserves.

Subject: Banking, Central banks, Credit, External debt, Foreign exchange, International reserves, Money, Public debt

Keywords: Arrangement, Arrangement informational annex, CR, Credit, Global, GRA credit, IMF quota, International reserves, Investor confidence, ISCR, Request, Stand-by, Stand-by arrangement informational annex

Publication Details

Pages:

116
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2008/328
Stock No:

1GEOEA2008001
ISBN:

9781451814675
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports