## Georgia: Technical Assistance Report-Operationalizing the New Bank Recovery and Resolution Framework

_IMF Staff Country Reports, March 22, 2023_

## Source details

**Canonical URL:** [Georgia: Technical Assistance Report-Operationalizing the New Bank Recovery and Resolution Framework](https://www.imf.org/en/publications/cr/issues/2023/03/21/georgia-technical-assistance-report-operationalizing-the-new-bank-recovery-and-resolution-531213)

## Other formats

- [Markdown version](/en/publications/cr/issues/2023/03/21/georgia-technical-assistance-report-operationalizing-the-new-bank-recovery-and-resolution-531213/index.md)
- [Structured JSON version](/en/publications/cr/issues/2023/03/21/georgia-technical-assistance-report-operationalizing-the-new-bank-recovery-and-resolution-531213/index.json)
- [Bundle manifest](/en/publications/cr/issues/2023/03/21/georgia-technical-assistance-report-operationalizing-the-new-bank-recovery-and-resolution-531213/bundle-manifest.json)

## Bibliographic details
- Published: March 22, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400238406.002

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### Macro-financial context and risks
- The economic environment has improved, as coronavirus disease, 2019 has been brought under control.
- New challenges are emerging, including:
  - Economic growth is strong.
  - Interest rates have risen.
  - The exchange rate is historically high.
  - Credit maintains a high growth rate.
  - Increasing international commodity prices have contributed to rising inflation and inflationary expectations.

### Mission activities and analytical tools
- The mission reviewed the benchmarking analysis and acknowledged the significant work done by the resolution function.
- The benchmarking tool:
  - Allowed a clear comparison of recovery options and scenarios among the different recovery plans.
  - Will be important for the assessment while providing banks with useful feedback.
- The mission delivered a simulation to help the authorities’ benchmark their progress on resolution planning and preparedness.

### Findings
- Benchmarking analysis is useful for comparing recovery options and scenarios across different recovery plans.
- The resolution function has completed significant preparatory work recognized by the mission.
- Simulations can operationally assist authorities in assessing resolution planning and preparedness.

### Policy recommendations and operational advice
- Further improvement to the benchmarking tool is suggested by the mission.
- Keep the benchmarking instrument simple and scalable.

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## Content in this bundle

- **1geoea2023002 - Preface**
  - [1geoea2023002 - Preface (Markdown version)](/-/media/files/publications/cr/2023/english/1geoea2023002.pdf.md){rel="alternate" type="text/markdown"}
  - [1geoea2023002 - Preface (PDF)](/-/media/files/publications/cr/2023/english/1geoea2023002.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2023/03/21/georgia-technical-assistance-report-operationalizing-the-new-bank-recovery-and-resolution-531213_