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
IMF Staff Country Reports, November 26, 2001
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- 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
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Bibliographic details
- Published: November 26, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451814521.002
Medium-term goals and overall assessment
- Georgia's medium-term economic goals are to reestablish fiscal and external sustainability and reduce poverty.
- Georgia's efforts to restore its solvency will require continued international support, including further concessional lending and external debt rescheduling.
Monetary policy
- The conduct of monetary policy has remained sound.
Fiscal policy and public financial management
- Fiscal consolidation has been supported by important measures to strengthen public expenditure management and improve fiscal transparency.
Structural reforms and governance
- Measures to combat corruption, restructure the energy sector, and privatize key enterprises must be accelerated in order to underpin faster growth and poverty reduction.
External sector and financing
- Continued international support is necessary, including further concessional lending and external debt rescheduling, to restore solvency.
Subject coverage and keywords
- 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