{
  "title": "Georgia: Selected Issues",
  "publication": "IMF Staff Country Reports, June 28, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/28/georgia-selected-issues-46037",
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  "summary": "This Selected Issues paper assesses macroeconomic and structural reforms in Georgia. The government’s reform package includes a fiscal policy within a declining deficit path which intends to incentivize private investment, a scaling up of public investment, improvement in government’s efficiency, an",
  "sections": [
    {
      "heading": "Overview and Purpose",
      "content": "- Assesses macroeconomic and structural reforms in Georgia.\n- Evaluates a government reform package comprising fiscal consolidation, scaling up public investment, improving government efficiency, and education reform.\n- Uses modeling analysis to quantify macroeconomic benefits of the reform package."
    },
    {
      "heading": "Major Findings",
      "content": "- Over the long term, real GDP is estimated to be about 5 percent higher than in the baseline.\n- In the transition toward the new equilibrium, annual growth is estimated to be about 0.7 percentage points higher over the medium term.\n- The education reform has sizeable effects, but they only come into effect in the long term."
    },
    {
      "heading": "Policy Elements Assessed",
      "content": "- Fiscal policy within a declining deficit path intended to incentivize private investment.\n- Scaling up of public investment.\n- Improvements in government efficiency.\n- Education reform."
    },
    {
      "heading": "Subjects and Keywords (as listed)",
      "content": "- Education, Employment, Export diversification, Exports, International trade, Labor, Labor force, Labor markets\n- Keywords: CR, Employment, Export diversification, export product diversification, Exports, GDP, GDP growth, Georgia, Global, ISCR, Labor markets, monetary policy stance, National bank of Georgia, product, productivity growth\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2018/06/28/georgia-selected-issues-46037/index.md)",
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    "Published: June 28, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484364062.002",
    "Assesses macroeconomic and structural reforms in Georgia.",
    "Evaluates a government reform package comprising fiscal consolidation, scaling up public investment, improving government efficiency, and education reform.",
    "Uses modeling analysis to quantify macroeconomic benefits of the reform package.",
    "Over the long term, real GDP is estimated to be about 5 percent higher than in the baseline.",
    "In the transition toward the new equilibrium, annual growth is estimated to be about 0.7 percentage points higher over the medium term.",
    "The education reform has sizeable effects, but they only come into effect in the long term.",
    "Fiscal policy within a declining deficit path intended to incentivize private investment.",
    "Scaling up of public investment.",
    "Improvements in government efficiency.",
    "Keywords: CR, Employment, Export diversification, export product diversification, Exports, GDP, GDP growth, Georgia, Global, ISCR, Labor markets, monetary policy stance, National bank of Georgia, product, productivity growth",
    "**Country Report**"
  ],
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