Statement by the IMF Managing Director on Georgia
IMF News, September 20, 2018
Source details
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- Statement by the IMF Managing Director on Georgia
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Bibliographic details
- Published: September 20, 2018
Meeting and context
- Press Release No. 18/352
- Date: September 20, 2018
- Following a meeting in Washington between Christine Lagarde, Managing Director of the International Monetary Fund, and Georgia’s Prime Minister Mamuka Bakhtadze
- IMF Communications Department contact:
- MEDIA RELATIONS
- PRESS OFFICER: Randa Elnagar
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Program and financial support
- Discussion of progress under Georgia’s economic reform program supported by the IMF’s $285 million Extended Fund Facility
Economic outlook and policy assessment
- The Georgian economy is described as "showing strong signs of recovery"
- Recovery is attributed to "prudent macroeconomic policies"
Reform priorities and objectives
- Importance of advancing Georgia’s "ambitious reform agenda" to support:
- investment
- education
- competitiveness
- Ultimate goal stated as "achieving sustainable and inclusive growth, which will benefit all Georgians"
IMF stance
- Christine Lagarde "reiterated the Fund’s commitment to support Georgia and its people"
Source: Statement by the IMF Managing Director on Georgia, September 20, 2018