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

Publication Date: April 03, 2013
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Summary: The new government is committed to prudent macroeconomic policies and to enhancing Georgia’s business-friendly environment. Large external liabilities plus its high current account deficit remain the main sources of vulnerability, and reducing these in an orderly manner is a key macroeconomic challenge. Greater exchange rate flexibility should help align its monetary policy and exchange rate decisions more closely with its inflation. Maintaining central bank independence and increasing monetary policy transparency are welcomed by the Executive Directors. The impressive structural agenda aims at improving the business environment and at boosting competitiveness.
Series: Country Report No. 13/95
Subject(s): Stand-by arrangement reviews | Fiscal policy | Current account deficits | Fiscal reforms | Financial sector | Monetary policy | Bank supervision | Economic indicators | Standby Credit Facility | Press releases | Staff Reports | Performance criteria waivers | Georgia

Publication Date: April 03, 2013
ISBN/ISSN: 9781484323557/1934-7685 Format: Paper
Stock No: 1GEOEA2013003 Pages: 82
US$18.00 (Academic Rate:
US$18.00 )
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