{
  "title": "Georgia: Seventh Review Under the Extended Fund Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Georgia",
  "publication": "IMF Staff Country Reports, December 20, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/12/18/georgia-seventh-review-under-the-extended-fund-facility-arrangement-and-request-for-49973",
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  "summary": "Georgia’s performance under the Extended Arrangement has been positive, but the country is now facing a pronounced economic slowdown. Domestic and external demand remain weak, and service sector activity remains sluggish. Staff projects the economy to shrink by 5.",
  "sections": [
    {
      "heading": "Economic outlook and staff assessment",
      "content": "- Georgia’s performance under the Extended Arrangement has been positive.\n- The country is facing a pronounced economic slowdown.\n- Domestic and external demand remain weak.\n- Service sector activity remains sluggish.\n- Staff projects the economy to shrink by 5.1 percent this year followed by a gradual recovery."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: COVID-19, Credit, External debt, Financial institutions, Health, Loans, Money, Public debt\n- Keywords: Asia and Pacific, Central Asia and the Caucuses, COVID-19, CR, Credit, economic reform program, Europe, Executive Board discussion, Georgia meet balance of payments, IMF Deputy managing director, inflation expectation, inflation pressure, ISCR, Loans\n\nInternational Monetary Fund. Middle East and Central Asia Dept. \"Georgia: Seventh Review Under the Extended Fund Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Georgia\", IMF Staff Country Reports 2020, 322 (2020).\n\n---\n\n Content in this bundle\n\n- 1geoea2020006\n  - 1geoea2020006 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1geoea2020006 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 20, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513564845.002",
    "Georgia’s performance under the Extended Arrangement has been positive.",
    "The country is facing a pronounced economic slowdown.",
    "Domestic and external demand remain weak.",
    "Service sector activity remains sluggish.",
    "Staff projects the economy to shrink by 5.1 percent this year followed by a gradual recovery.",
    "Subject: COVID-19, Credit, External debt, Financial institutions, Health, Loans, Money, Public debt",
    "Keywords: Asia and Pacific, Central Asia and the Caucuses, COVID-19, CR, Credit, economic reform program, Europe, Executive Board discussion, Georgia meet balance of payments, IMF Deputy managing director, inflation expectation, inflation pressure, ISCR, Loans",
    "**1geoea2020006**"
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