## Georgia : Eighth Review Under the Extended Fund Facility Arrangement-Press Release; and Staff Report

_IMF Staff Country Reports, April 16, 2021_

## Source details

**Canonical URL:** [Georgia : Eighth Review Under the Extended Fund Facility Arrangement-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2021/04/16/georgia-eighth-review-under-the-extended-fund-facility-arrangement-press-release-and-staff-50358)

## Other formats

- [Markdown version](/en/publications/cr/issues/2021/04/16/georgia-eighth-review-under-the-extended-fund-facility-arrangement-press-release-and-staff-50358/index.md)
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## Bibliographic details
- Authors: International Monetary Fund. Middle East, Central Asia Dept.
- Published: April 16, 2021
- Series: IMF Staff Country Reports
- Pages: 74
- Stock No: 1GEOEA2021001
- ISBN: 9781513577081
- ISSN: 1934-7685

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### Pandemic status and public-health response
- Georgia emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases.
- Vaccinations commenced in March 2021.
- The country is described as entering a critical stage in overcoming the pandemic.

### Economic impact
- The lockdowns drove a contraction of around 6.2 percent of GDP in 2020.

### Outlook and recovery timing
- A recovery is expected to take hold in the second quarter of 2021.

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## Content in this bundle

- **1geoea2021001**
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_Source: https://www.imf.org/en/publications/cr/issues/2021/04/16/georgia-eighth-review-under-the-extended-fund-facility-arrangement-press-release-and-staff-50358_