Georgia: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia
October 6, 2008
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This paper examines Georgia’s request for an 18-month arrangement for SDR 477.1 million, equivalent to about US$750 million, which would constitute exceptional access. IMF support to the government’s macroeconomic policies is intended to provide the needed financing to rebuild gross international reserves, and to help restore investor confidence. Monetary policy has to tackle the dilemma of providing sufficient liquidity to the banking system while stabilizing the exchange rate and avoiding an excessive loss of international reserves.
Subject: Banking, Central Banks, Credit, External debt, Foreign exchange, International reserves, Money, Public debt
Keywords: arrangement, arrangement informational annex, CR, Credit, Global, GRA credit, IMF quota, International reserves, investor confidence, ISCR, request, stand-by, stand-by arrangement informational annex
Pages:
116
Volume:
2008
DOI:
Issue:
328
Series:
Country Report No. 2008/328
Stock No:
1GEOEA2008001
ISBN:
9781451814675
ISSN:
1934-7685
