Georgia: Staff Report for the 2001 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criteria
November 26, 2001
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Georgia's medium-term economic goals are to reestablish fiscal and external sustainability and reduce poverty. The conduct of monetary policy has remained sound. Fiscal consolidation has been supported by important measures to strengthen public expenditure management and improve fiscal transparency. Measures to combat corruption, restructure the energy sector, and privatize key enterprises must be accelerated in order to underpin faster growth and poverty reduction. Georgia's efforts to restore its solvency will require continued international support, including further concessional lending and external debt rescheduling.
Subject: Arrears, Banking, Central banks, Expenditure, External debt, International reserves, Revenue administration
Keywords: Arrears, arrears accumulation, arrears target, cash deficit, cash deficit ceiling, ceiling, CR, Europe, expenditure arrears, foreign currency, Global, International reserves, ISCR, net, privatization receipt
Pages:
87
Volume:
2001
DOI:
Issue:
212
Series:
Country Report No. 2001/212
Stock No:
1GEOEA0042001
ISBN:
9781451814521
ISSN:
1934-7685
