## Georgia: Fourth Review Under the Extended Fund Facility Arrangement and Request for Modifications of Quantitative Performance Criteria-Press Release; Staff Report; and a Statement by the Executive Director for Georgia

_IMF Staff Country Reports, June 19, 2019_

## Source details

**Canonical URL:** [Georgia: Fourth Review Under the Extended Fund Facility Arrangement and Request for Modifications of Quantitative Performance Criteria-Press Release; Staff Report; and a Statement by the Executive Director for Georgia](https://www.imf.org/en/publications/cr/issues/2019/06/19/georgia-fourth-review-under-the-extended-fund-facility-arrangement-and-request-for-47008)

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## Bibliographic details
- Published: June 19, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498320641.002

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### Recent economic developments
- Economic performance remained robust in 2018: growth reached 4.7 percent, supported by external demand.
- Inflation stayed below the three percent target in 2018.
- The fiscal deficit remained in line with program commitments in 2018.
- The current account improved in 2018.
- Tighter lending standards helped decelerate credit growth towards more sustainable levels.
- The banking sector remains well capitalized, liquid, and profitable.
- Dollarization remains elevated.
- In early 2019, growth conditions were favorable, with average inflation slightly above the target reflecting increased excises.

### Publication and document metadata
- Publication date: June 19, 2019
- Pages: 82
- Volume: 2019
- Issue: 171
- Series: Country Report No. 2019/171
- Stock No: 1GEOEA2019001
- DOI: https://doi.org/10.5089/9781498320641.002
- ISBN: 9781498320641
- ISSN: 1934-7685

### Thematic coverage and subjects
- Subject: Credit, External debt, Financial institutions, Foreign exchange, Loans, Money, Public debt
- Keywords: Asia and Pacific, budget lending, Central Asia and the Caucasus, CR, Credit, current account, equity holding, Europe, Executive Board discussion, financial asset operation, government reform agenda, inflation-targeting framework, ISCR, Loans

*Georgia: Fourth Review Under the Extended Fund Facility Arrangement and Request for Modifications of Quantitative Performance Criteria-Press Release; Staff Report; and a Statement by the Executive Director for Georgia, June 19, 2019*

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_Source: https://www.imf.org/en/publications/cr/issues/2019/06/19/georgia-fourth-review-under-the-extended-fund-facility-arrangement-and-request-for-47008_