Georgia: 2025 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, July 28, 2025
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- Georgia: 2025 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: July 28, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229017022.002
Overview
- Highlights Georgia's resilience in the face of domestic and geopolitical uncertainties.
- Notes strong economic growth, near-target inflation, and moderate debt levels.
- Emphasizes need for prudent monetary and fiscal policies to maintain macroeconomic stability.
Growth projections
- Growth is projected to moderate to 7.2 percent in 2025.
- Growth is projected to stabilize at a potential rate of 5 percent in the medium term as domestic demand slows.
Inflation and monetary policy
- Inflation is expected to remain close to the target.
- Recommendation: adopt a broadly neutral but flexible monetary policy to anchor inflation expectations.
Public debt and fiscal policy
- Public debt is anticipated to stabilize at current levels, provided prudent monetary and fiscal policies continue.
- Fiscal policy guidance:
- Focus on maintaining buffers under the fiscal rule.
- Create space for productive investments in infrastructure and education.
Structural reforms and labor market
- Structural reforms are essential to sustain robust and inclusive growth.
- Priority reform areas:
- Enhance agricultural productivity.
- Improve education and training to address high structural unemployment, informality, and outward migration.
- Implement policies to encourage return migration and attract foreign talent to bolster the local labor market.
- Invest in infrastructure to support economic diversification and regional connectivity.
- Advance judicial and anticorruption reforms to boost competitiveness and the business environment.
Publication metadata and identifiers
- Pages: 73
- Volume: 2025
- Issue: 216
- Series: Country Report No. 2025/216
- DOI: https://doi.org/10.5089/9798229017022.002
- Stock No: 1GEOEA2025001
- ISBN: 9798229017022
- ISSN: 1934-7685
Source: Georgia: 2025 Article IV Consultation-Press Release; and Staff Report
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