Georgia : Fourth Review Under the Stand-By Arrangement and Request for Modification of Performance Criterion

Author/Editor:

International Monetary Fund

Publication Date:

December 23, 2009

Electronic Access:

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Summary:

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Georgia. The strategy remains appropriate, and program targets for 2010 are in line with those presented at the Third Review. Fiscal policy will transition from an expansionary stance in 2009 to a path of strong consolidation, with a reduction in the deficit of 2¼ percent of GDP in 2010. Despite sizable adjustment, an external financing gap of roughly US$400 million remains in 2010, mostly because of the slow recovery of private capital inflows.

Series:

Country Report No. 09/331

Subject:

English

Publication Date:

December 23, 2009

ISBN/ISSN:

9781451814712/1934-7685

Stock No:

1GEOEA2009004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

81

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