Home / Tag Archives: International Monetary Fund

Tag Archives: International Monetary Fund

IMF to Allocate $43.6 million Tranche to Georgia

IMF

The International Monetary Fund said on Monday it would allocate a further $43.6 million loan to Georgia because it had carried out structural reforms to support private sector development, improve fiscal performance and implement infrastructure projects, reuters reported. The credit will be the third tranche under a three-year IMF programme …

Read More »

The IMF Increased Economic Growth Forecast to Georgia

The IMF Increased Economic Growth Forecast to Georgia

The International Monetary Fund (IMF) sees a positive dynamic in Georgian economy. The Fund increased economic growth forecast of Georgia from 3.5% to 4.5%. Growth is in the predictions of 2018, from 4% to 4.2%, – Mercedes Vera-Martin, head of the International Monetary Fund (IMF) mission declared at the briefing held …

Read More »

Tax Reform will Decrease the Income and Increase the Deficit

International Monetary Fund is expecting 3,4 % economic growth during the current year, however next year, they predict  5,2%.  Monetary Fund in Georgia will have 2,6% inflation this year and 3,6 % inflation next year. GDP is expected to have 12,1 % deficit in 2016 and 12% next year. As …

Read More »

IMF: Any Further Oil Price Recovery Expected to be Limited

IMF: Any Further Oil Price Recovery Expected to be Limited

The slump in oil prices and ongoing conflicts continue to weigh on MENAP’s (Middle East, North Africa, Afghanistan and Pakistan) economic outlook, the International Monetary Fund (IMF) said in its Regional Economic Outlook. Uncertainties arising from conflicts in Iraq, Libya, Syria, and Yemen are weakening confidence and lower oil prices …

Read More »

Galt&Taggart Submits Higher Economic Growth Forecasts than IMF

Galt&Taggart Submits Higher Economic Growth Forecasts than IMF

Galt&Taggart has announced more optimistic economic growth forecasts as compared to the International Monetary Fund (IMF). Archil Gachechiladze, Head of the investment bank supervisory board, told the Business Contract that the Georgian economy is influenced by regional tendencies and largely depends on neighboring countries, Turkey and Russia, as their shocks …

Read More »

Head of IMF Mission’s Visit to Georgia

Head of IMF Mission’s Visit to Georgia

Head of the International Monetary Fund Mission, Mercedes Vera-Martin, is conducting a visit to Georgia. As part of the visit, she has already held a meeting with Finance Minister Nodar Khaduri. According to the Ministry, the two sides discussed issues regarding IMF’s cooperation with Georgia, the existing economic situation in Georgia …

Read More »

Georgia’s External Debts Rise Year on Year

Georgia’s External Debts Rise by $242 million Year on Year

Georgia’s external debts marked 4.324 billion USD as of March 1, 2016, up 24 million USD month on month and up 242 million USD year on year, according to the Finance Ministry statistics. In January 2016 the foreign debts equaled 4.3 billion USD. The figure marked 4.072 billion USD as …

Read More »

Georgia’s External State Debts Mark 4.3 billion USD

Money

Georgia’s external state debts constituted 4.3 billion USD (10.632 billion GEL) as of February 1, 2016. The government’s external debts marked 4.281 billion USD, including the Government owes 3.055 billion USD liabilities to multilateral creditors and 723.7 million GEL to bilateral creditors, the Georgian Finance Ministry’s statistics reports. The National …

Read More »

Greece’s Hideous Choice: More Austerity or Collapse

Greece is facing a hideous choice: a third massive international bailout with strict austerity attached,or economic collapse. Greeks are preparing to vote Sunday in a referendum on whether to accept a bailout offer from Europe and the International Monetary Fund. Prime Minister Alexis Tsipras is urging people to reject the …

Read More »