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Tag Archives: IMF

Georgia’s External Debt Rises by 0.545bn USD Year on Year

Georgia’s external liabilities are growing. Over the past year Georgia’s foreign liabilities rose by 0.545bln USD and equaled to 5.01bln USD as of October 31, 2017. According to Ministry of Finance, monthly reports have recorded a slight contraction in debts, down from 5.005bln USD as of September 2017. The figure …

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IMF COUNTRY FOCUS – Georgia Growing

IMF COUNTRY FOCUS – Georgia Growing

Georgia is in the focus of the International Monetary Fund (IMF). The Vice Prime Minister of Georgia and the President of the National Bank of Georgia (NBG) are responding to the IMF questions on the current situation and perspectives in the country. The interview was held during the annual meeting …

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Georgia will Receive IMF’s Second Tranche of 42.3mln USD by the End of 2017

Georgia has attained higher-than-expected economic growth thanks to reasonable policy and rapid upturn in trading partners, International Monetary Fund’s (IMF) report reads. IMF mission in Georgia has finished its two-week visit in Georgia. As a result, the Fund has positively appraised the first review of the ongoing Extended Fund Facility …

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Georgia Fulfills All Criteria of IMF Program

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 …

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IMF – Influential International Organization

International Monetary Fund (IMF) is one of the  most important and influential international organizations with 184 member countries, including Georgia. Objective of IMF foundation was to ensure international monetary cooperation, stability of exchange rate and economic growth. Key function of the organization is to provide temporary financial assistance to member …

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IMF Representative: Workforce Skills in Georgia Differ form Market Demands

Tao Zhang

Tao Zhang, deputy managing director for International Monetary Fund (IMF), asserts that there is much difference between workforce skills and the labor market demands in Georgia. New technologies and new business models are developed on global markets. Therefore, there is much demand for new working skills, he said. “Schools should …

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The IMF Names Terms of Returning Georgia to the 5% Growth

The IMF Names Terms of Returning Georgia to the 5% Growth

Tao Zhang, Deputy Managing Director, IMF names terms of returning Georgia to the 5% growth. He made remarks at Tbilisi State University and noted that they see Georgia returning to the 5.5 percent growth after the recent downturn, but it would depend on several issues. “That will depend on the continuation …

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