Georgia: Third Review Under the Extended Fund Facility Arrangement-Press Release; Staff Report; Staff Supplement
December 19, 2018
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Recent economic developments. Economic activity remained strong in 2018H1 but decelerated since due to subdued private construction activity and delays in public infrastructure. Inflation has remained below the 3-percent inflation target in 2018. Higher revenues and lower investment resulted in a fiscal surplus through September 2018. Against the background of high credit growth, the authorities introduced regulations to limit household over-indebtedness. The banking sector remains well capitalized, liquid, and profitable, but dollarization remains high.
Subject: Credit, External debt, Financial institutions, Foreign exchange, Loans, Money, Public debt
Keywords: CR, Credit, discussion, Global, government, inflation-targeting framework, ISCR, Loans, NBG debt to the IMF, reform effort, spending allocation, Third Review of Georgia's performance, vulnerability to external shocks
Pages:
74
Volume:
2018
DOI:
Issue:
373
Series:
Country Report No. 2018/373
Stock No:
1GEOEA2018007
ISBN:
9781484391549
ISSN:
1934-7685
