Georgia: Seventh Review Under the Extended Fund Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Georgia

December 20, 2020

Summary

Georgia’s performance under the Extended Arrangement has been positive, but the country is now facing a pronounced economic slowdown. Domestic and external demand remain weak, and service sector activity remains sluggish. Staff projects the economy to shrink by 5.1 percent this year followed by a gradual recovery.

Subject: COVID-19, Credit, External debt, Financial institutions, Health, Loans, Money, Public debt

Keywords: Asia and Pacific, Central Asia and the Caucasus, COVID-19, CR, Credit, economic reform program, Europe, Executive Board discussion, Georgia meet balance of payments, IMF Deputy managing director, inflation expectation, inflation pressure, ISCR, Loans

Pages:
84
Volume:
2020
DOI:
https://doi.org/10.5089/9781513564845.002
Issue:
322
Series:
Country Report No. 2020/322
Stock No:
1GEOEA2020006
ISBN:
9781513564845
ISSN:
1934-7685

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