Georgia has fulfilled all criteria determined by IMF program, most part of them in excess, IMF mission head Mercedes Vera Martin noted at the briefing dedicated to completion of the first review of IMF program.
“Georgia’s economic program has started in impressive way. Reasonable policy and high economic growth of trade partners have preconditioned higher-than-expected economic growth in Georgia.
We have lifted the 2017 economic growth to 4.3% from 3.5%. Economic growth is driven by exports, tourism, investments. The current account deficit will shrink to 10.4% of GDP from 12.8%.
In midterm period we expect economic growth to get accelerated thanks to coming reforms for enhancement of competitive capacity of private investments, production and exports”, the IMF Mission head noted.