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Warranty Fund is Last Attempt to Prevent Crisis Tendencies

“I would like to back the initiative by Ministry of Economy for establishing a warranty fund. This idea requires a support from International Monetary Fund (IMF).

Therefore, we are conducting active negotiations with them”, Roman Kakulia, head of the parliament’s economic policy committee, noted.

“This is the last attempt of our team to prevent major crisis tendencies that are not discerned only in our country”, Kakulia told Business Morning TV programs.
The idea of establishing a crediting-warranty fund was proposed by Ministry of Economy.

“This mechanism has no alternative, based on savings in our country. However, this way will bring goods in reasonable time for a reasonable number of people”, Kakulia said and added that consultations on the reform will be continued with international finance institutions.