Home / Tag Archives: Francois Painchaud

Tag Archives: Francois Painchaud

IMF Representative: New Regulations Call for Decelerating Crediting Growth Paces

Francois Painchaud, resident representative of International Monetary Fund (IMF) in Georgia noted that the new regulations in the financial sector aim to reduce excessive indebtedness starting January 1, 2019. Francois Painchaud released the statement to answer the question by InterPressNews agency regarding competition level in the Georgian banking sector and …

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Francois Painchaud: IMF Publishes Its Works Following Government’s Approval

“The Monetary Fund publishes its works in case of receiving consent from the government,” Francois Painchaud, a representative of the International Monetary Fund told Bm.ge. They don’t specify at the fund, which survey was discussed by former Prime Minister Bidzina Ivanishvili. In addition, they explain the research, fund conducts  and …

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Government should Leave Fiscal Space for Major Infrastructural Projects

“Government strategy for the state budget calls for cutting the accrued expenses to leave fiscal space for major infrastructural projects”,  Francois Painchaud, IMF Resident Representative in Georgia, told the BM.GE. Salaries constitute one of the key components of the accrued expenses. “In 2017 the Government managed to cut expenses. Government …

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Francois Painchaud: Market Determines Banking Sector’s Size

The Georgian banking market concentration is moderate and optimal, Francois Painchaud, resident representative of International Monetary Fund (IMF) in Georgia, noted. At his meeting with government officials and financiers, he noted that the number of commercial banks reflect the market necessities. The very market will regulate both enlargement and growth …

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IMF: Partnership Fund is one of the Sources of Fiscal Risks

IMF: Partnership Fund is one of the Sources of Fiscal Risks

International Monetary Fund (IMF) names fiscal risks reasons. Francois Painchaud, resident representative of IMF in Georgia, noted that the so-called PPP projects may inspire a growth in fiscal risks. IMF also considers Partnership Fund of Georgia to be one of the inspiration factors for fiscal risks. “State debts started growing since …

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IMF Names 3 Reasons for Not Completing the Survey

IMF names 3 reasons for not completing the survey. As the Fund constant representative, Francois Painchaud declared, one of the reasons for this is a law about National Bank, as well as budget deficit and common projects of the state and private sector. “Recently, we finished the survey in December, …

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Georgia Deepening Relations with IMF

Mercedes Vera-Martin

Georgian Finance Minister Nodar Khaduri has met with Mrs. Mercedes Vera-Martin, head of the International Monetary Fund (IMF) mission for Georgia, who is paying her first visit to Tbilisi. The parties discussed Georgia-IMF cooperation issues, the current economic situation in Georgia and the whole Region, fiscal policy issues, institutional and …

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