IMF Staff Country Reports

Georgia:Third Review Under the Extended Fund Facility Arrangement-Press Release; Staff Report; Staff Supplement

Publication Date:

December 19, 2018

Electronic Access:

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Summary:

Recent economic developments. Economic activity remained strong in 2018H1 but decelerated since due to subdued private construction activity and delays in public infrastructure. Inflation has remained below the 3-percent inflation target in 2018. Higher revenues and lower investment resulted in a fiscal surplus through September 2018. Against the background of high credit growth, the authorities introduced regulations to limit household over-indebtedness. The banking sector remains well capitalized, liquid, and profitable, but dollarization remains high.

Series:

Country Report No. 2018/373

Subject:

Credit External debt Financial institutions Foreign exchange Loans Money Public debt