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

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 program.

IMF Board of Executive Directors will discuss the agreement with Government of Georgia in November 2017. If the agreement is approved, IMF will allocate the second tranche of 42.3mln USD (30mln SDR). As a result, the current program transfers will total 84.6mln USD (60mln SDR).