Georgia: 2011 Article IV Consultation-Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Georgia
April 21, 2011
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The government of Georgia moved forcefully to counter the economic impact of the August 2008 conflict with Russia and global financial crisis. Monetary and prudential policy easing was, however, unable to prevent a sharp credit squeeze. The economy is recovering at a solid pace, with real GDP growth expected to exceed 6 percent in 2010. To reduce exposure to changes in external market conditions, the authorities could rely more on domestic financing. Macroeconomic policies were generally aligned with previous IMF recommendations.
Subject: Exchange rate flexibility, Exchange rates, External debt, Foreign exchange, Public debt
Keywords: Central Asia, consultation, consultation informational annex, CR, credit story, current account, Exchange rate flexibility, Exchange rates, foreign direct investment inflow, Georgian authorities, Global, government, inflation development, inflation pressure, ISCR, Middle East, state intervention
Pages:
73
Volume:
2011
DOI:
Issue:
087
Series:
Country Report No. 2011/087
Stock No:
1GEOEA2011002
ISBN:
9781455249299
ISSN:
1934-7685
