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Tag Archives: Economic

IMF Forecasts Economic Slowdown in Caucasus, Central Asia

IMF Forecasts Economic Slowdown in Caucasus, Central Asia

For oil exporters of Caucasus and Central Asia (CCA), the economic growth is projected at 3.75 percent for 2015, down from nearly 5.5 percent in the previous year, despite a sizable fiscal stimulus in some countries (3 percent of GDP in Kazakhstan and 1 percent of GDP in Uzbekistan), said …

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IMF Predicts Georgia’s Economic Growth will Reach 5% in 2020

IMF: Georgia’s Economy Stable but Faces Ongoing Risks

The IMF published the new economic growth forecast. IMF retained Georgia’s economic growth rate forecast at  2%. According to the new IMF forecast for 2015 and 2016, Georgia will have 2 percent economic growth in 2015 and 3 percent in 2016, while in 2020- 5 percent. The Fund  believes that the …

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Does a Tandem of Bankers and MFOs Hamper the Country’s Economic Development?

Recently, Georgia’s microfinance market is expanding exponentially. The first two quarters data show that the sector’s profit has almost doubled. Whether it means that  the funding of real economy has increased, new enterprises and new  jobs have been created? Microfinance institutions are funding high-risk customers, mostly those who have been declined …

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