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IMF Mission Starts Meeting in Georgia from Tomorrow

IMF Mission Starts Meeting in Georgia from Tomorrow

IMF mission starts working in Georgia from May 11.

The mission is headed by Mark Griffiths. The meetings are planned with the representatives of the government and NBG. Representatives of the Fund will remain in Georgia until May 25.

IMF mission must estimate the economic condition. Georgia has to achieve agreements on those issues, which delayed finish of 2/3 review. The second review had to be finished in the previous Spring, while the third – in Autumn.

The uncoordinated issues includes separation of Supervisory Board from NBG, as well as tax reform announced by the MP.

Georgia is not able to receive the remained 20 million SDR envisaged by the program due to the uncoordinated issues with IMF, as well as, the EU financial assistance – 59,5 million GEL.