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.

IMF and Georgia

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Georgia: At a Glance

  • Current IMF membership: 189 countries
  • Georgia joined the Fund on May 5, 1992
  • Quota: SDR 150.30 million
  • IMF Executive Board Concludes the 2013 Article IV Consultation with Georgia (Country Report 13/264)
  • Read the latest Program Note; April 4, 2016

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Office Activities

  • Regional Economic Outlook for the Caucasus and Central Asia

    Mr. Francois Painchaud, IMF Resident Representative in Georgia, presented the IMF’s latest Regional Economic Outlook for the Caucasus and Central Asia on May 18, 2017. Representatives of the Georgian government, 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.

    May 18, 2017

  • Regional Economic Outlook Caucasus and Central Asia

    Mr. Francois Painchaud, IMF Resident Representative in Georgia, presented the IMF’s latest Regional Economic Outlook for the Caucasus and Central Asia on November 2, 2016. Representatives of the Georgian government, 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.

    November 2, 2016

  • Georgia's Macro-Financial Challenges

    On May 13, IMF Resident Representative in Georgia Azim Sadikov gave a presentation on Georgia’s macro-financial challenges at the International School of Economics in Tbilisi (ISET). The discussion that followed the presentation focused on how to reduce external and fiscal vulnerabilities while supporting economic growth.

    May 17, 2016

  • Azim Sadikov's, IMF Resident Representative, interview with Channel 1 (in Georgian)

    May 11, 2016

  • Round-table discussion at the Ivane Javakhishvili Tbilisi State University (Georgian)

    Mr. Azim Sadikov, IMF Resident Representative in Georgia, joined a round-table discussion on the Georgian economy and its challenges with the students of the university.

    November 5, 2015

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IMF's work on Georgia

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Regional Economic Outlook

Caucasus and Central Asia: Is the Worst Over?

REGIONAL ECONOMIC OUTLOOK Update October 2016

Fiscal accommodation and exchange rate adjustment have helped the Caucasus and Central Asia (CCA) mitigate the immediate impact from large and persistent external shocks, particularly the slump in commodity prices and weaker growth in key trading partners. Growth is starting to recover, but these shocks have left the region with increased fiscal, external, and financial sector vulnerabilities, along with less policy space and weaker medium-term prospects. Policies should continue to support growth in the near term where policy space is available, while aiming to reduce vulnerabilities over time, including through the formulation of credible multiyear fiscal plans, modernization of monetary policy frameworks, and strengthening of financial supervision. Structural transformation to diversify away from commodities and reduce reliance on remittances is needed to improve medium-term growth prospects, boost job creation, and avoid a deterioration in living standards. Read the report