Georgia: Recent Economic Developments
May 12, 1997
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This paper reviews economic developments in Georgia during 1990–96. Following the implementation of tight financial policies and the liberalization of prices, trade, and the exchange system, growth resumed in 1995 and accelerated in 1996, against the background of a stable exchange rate and declining inflation. At the same time structural reform continued to advance, laying the ground for increased private sector activity and sustained growth in the medium term. Following the introduction of the lari in October 1995, a gradual remonetization of the economy took place, and gross international reserves were replenished.
Subject: Banking, Commercial banks, Economic sectors, Expenditure, Financial institutions, Imports, International trade, Privatization, Revenue administration, Tax administration core functions
Keywords: Commercial banks, CR, customs duty, enterprise, General government operation, Georgia, government, government labor force, government payroll, government securities market, grace period, Imports, ISCR, local government, order system, Privatization, procedure, reform effort, reform program, reform strategy, State budget, tax, Tax administration core functions
Pages:
100
Volume:
1997
DOI:
Issue:
036
Series:
Country Report No. 1997/036
Stock No:
1GEOEA0011997
ISBN:
9781451814408
ISSN:
1934-7685
