IMF Staff Country Reports

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

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

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. 18/373

Subject:

Debt sustainability analysis Economic indicators Exchange rate policy Extended arrangement reviews Extended Fund Facility External sector Financial sector Fiscal policy Fiscal reforms Gross domestic product Letters of Intent Monetary policy National accounts Press releases Revenue measures Staff reports