{
  "title": "Georgia: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia",
  "publication": "IMF Staff Country Reports, October 6, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/georgia-request-for-stand-by-arrangement-staff-report-staff-supplement-press-release-on-the-22403",
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  "summary": "This paper examines Georgia’s request for an 18-month arrangement for SDR 477.1 million, equivalent to about US$750 million, which would constitute exceptional access.",
  "sections": [
    {
      "heading": "Summary and Purpose",
      "content": "- Examines Georgia’s request for an 18-month arrangement for SDR 477.1 million, equivalent to about US$750 million, which would constitute exceptional access.\n- IMF support to the government’s macroeconomic policies is intended to:\n  - provide the needed financing to rebuild gross international reserves, and\n  - help restore investor confidence."
    },
    {
      "heading": "Macroeconomic and Financial Policy Findings",
      "content": "- IMF financing is targeted to rebuild gross international reserves.\n- Restoring investor confidence is an explicit objective of the IMF-supported program.\n- Monetary policy faces a central trade-off between:\n  - providing sufficient liquidity to the banking system, and\n  - stabilizing the exchange rate while avoiding an excessive loss of international reserves."
    },
    {
      "heading": "Key Subjects and Keywords",
      "content": "- Subjects: Banking, Central Banks, Credit, External debt, Foreign exchange, International reserves, Money, Public debt\n- Keywords: arrangement, arrangement informational annex, CR, Credit, Global, GRA credit, IMF quota, International reserves, investor confidence, ISCR, request, stand-by, stand-by arrangement informational annex\n\n---\n\n Content in this bundle\n\n- cr08328\n  - cr08328 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08328 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 6, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451814675.002",
    "Examines Georgia’s request for an 18-month arrangement for SDR 477.1 million, equivalent to about US$750 million, which would constitute exceptional access.",
    "IMF support to the government’s macroeconomic policies is intended to:",
    "IMF financing is targeted to rebuild gross international reserves.",
    "Restoring investor confidence is an explicit objective of the IMF-supported program.",
    "Monetary policy faces a central trade-off between:",
    "Subjects: Banking, Central Banks, Credit, External debt, Foreign exchange, International reserves, Money, Public debt",
    "Keywords: arrangement, arrangement informational annex, CR, Credit, Global, GRA credit, IMF quota, International reserves, investor confidence, ISCR, request, stand-by, stand-by arrangement informational annex",
    "**_cr08328**"
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