Georgia: Recent Economic Developments
December 1, 1995
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This paper describes economic developments in the Republic of Georgia during 1995. The paper highlights that in 1995, the economy of Georgia continues to face severe bottlenecks, especially arising from energy shortages. However, there are signs of increased confidence and a recovery in the first half of 1995, fostered by political stability and the initial fruits of financial stabilization and structural reform. In 1995, agricultural output and cargo transport appear to have increased, and retail trade is growing quickly. Industrial and construction activity, however, remains limited.
Subject: Banking, Commercial banks, Currencies, Exchange rates, Expenditure, Financial institutions, Foreign exchange, Imports, International trade, Money
Keywords: adjustment program, balance of payments, banking system, Commercial banks, CR, Currencies, Exchange rates, expenditure arrears, foreign currency, Georgian authorities, government health expenditure, government restructuring, Imports, ISCR, low-paid government worker, stabilization program
Pages:
114
Volume:
1995
DOI:
Issue:
112
Series:
Country Report No. 1995/112
Stock No:
1GEOEA0011995
ISBN:
9781451814385
ISSN:
1934-7685
Notes
This paper on recent economic developments was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Republic of Georgia, or the Executive Board of the IMF.
