Georgia: First Review Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia
January 6, 2009
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The staff report for the First Review Under the Stand-By Arrangement with the officials of Georgia highlights economic developments and policies. Sustaining economic growth and maintaining confidence in the currency and the financial system within the constraints of available external financing are the main program priorities. IMF staff recommended a more active role for monetary policy in encouraging market interest rate adjustments. With global markets in distress, the authorities should work on contingency planning to keep the financial sector strong.
Subject: Banking, Central banks, Currencies, External debt, Foreign exchange, International reserves, Monetary base, Money, Public financial management (PFM)
Keywords: authorities project GDP growth, authority, CR, Currencies, Europe, Georgia's Stand-By Arrangement, Global, International reserves, investor confidence, ISCR, lender of last resort facility, market uneasiness, policy, Stand-By Arrangement
Pages:
66
Volume:
2009
DOI:
Issue:
001
Series:
Country Report No. 2009/001
Stock No:
1GEOEA2009001
ISBN:
9781451814682
ISSN:
1934-7685
