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Tag Archives: IMF

IMF: Georgia’s Economic Growth is Projected at 4.6 percent in 2019

An International Monetary Fund (IMF) team, led by Mercedes Vera-Martin, visited Tbilisi during February 20-26, 2019 to discuss recent economic and financial developments and progress with structural reforms. At the end of the visit, Ms. Vera-Martin issued the following statement: “Economic activity, which grew at 4.7 percent, proved resilient in …

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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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IMF: Turkish LIRA Depreciation will Devaluate Georgian GEL

The current economic situation in Turkey will make influence on the Region, especially on the countries, with which Turkey has direct trade relations. In this respect International Monetary Fund (IMF) outlines Georgia and Azerbaijan, the last IMF review reads regarding the Central Asia and Caucasus countries. IMF presumes that Turkish …

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IMF Warns against Low Competition in Georgia’s Banking and Health Sectors

The International Monetary Fund (IMF) recommends that the Government’s role in economy should gradually decrease to neutralize economic development obstacles. For example, number of state-owned enterprises should decrease, because they seriously compete with the private sector in several countries of the region. These recommendations are given in the last IMF …

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IMF Managing Director and PM Discussed Progress Under Georgia’s Economic Reform

Following a meeting with Georgia’s Prime Minister Mamuka Bakhtadze in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund, made the following statement: “Prime Minister Bakhtadze and I discussed the good progress under Georgia’s economic reform program supported by the IMF’s $285 million Extended Fund Facility. The …

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IMF Upgraded the Economic Growth Projections for Georgia

Mamuka Bakhtadze

Prospects of economic growth of Georgia and progress achieved towards macroeconomic stability were discussed by Mamuka Bakhtadze, Prime Minister of Georgia and Christine Lagarde, Managing Director of the International Monetary Fund (IMF) in Washington D.C. Focus was made on the reforms planned by the Government of Georgia, which are aimed …

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Economic Activity Strengthened Further in the Frst Half of 2018: IMF Says

Mercedes Vera-Martin

An International Monetary Fund (IMF) team, led by Ms. Mercedes Vera-Martin, visited Tbilisi during August 21-27, 2018 to discuss recent economic and financial developments and progress with structural reforms. At the end of the visit, Ms. Vera-Martin issued the following statement: “Economic activity strengthened further in the first half of …

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