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Tag Archives: IMF

IMF: Turkish LIRA Depreciation will Devaluate Georgian GEL

The current economic situation in Turkey will make influence on the Region, especially on the countries, with which Turkey has direct trade relations. In this respect International Monetary Fund (IMF) outlines Georgia and Azerbaijan, the last IMF review reads regarding the Central Asia and Caucasus countries. IMF presumes that Turkish …

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IMF Warns against Low Competition in Georgia’s Banking and Health Sectors

The International Monetary Fund (IMF) recommends that the Government’s role in economy should gradually decrease to neutralize economic development obstacles. For example, number of state-owned enterprises should decrease, because they seriously compete with the private sector in several countries of the region. These recommendations are given in the last IMF …

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IMF Managing Director and PM Discussed Progress Under Georgia’s Economic Reform

Following a meeting with Georgia’s Prime Minister Mamuka Bakhtadze in Washington today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund, made the following statement: “Prime Minister Bakhtadze and I discussed the good progress under Georgia’s economic reform program supported by the IMF’s $285 million Extended Fund Facility. The …

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IMF Upgraded the Economic Growth Projections for Georgia

Mamuka Bakhtadze

Prospects of economic growth of Georgia and progress achieved towards macroeconomic stability were discussed by Mamuka Bakhtadze, Prime Minister of Georgia and Christine Lagarde, Managing Director of the International Monetary Fund (IMF) in Washington D.C. Focus was made on the reforms planned by the Government of Georgia, which are aimed …

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Economic Activity Strengthened Further in the Frst Half of 2018: IMF Says

Mercedes Vera-Martin

An International Monetary Fund (IMF) team, led by Ms. Mercedes Vera-Martin, visited Tbilisi during August 21-27, 2018 to discuss recent economic and financial developments and progress with structural reforms. At the end of the visit, Ms. Vera-Martin issued the following statement: “Economic activity strengthened further in the first half of …

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Francois Painchaud: IMF Publishes Its Works Following Government’s Approval

“The Monetary Fund publishes its works in case of receiving consent from the government,” Francois Painchaud, a representative of the International Monetary Fund told Bm.ge. They don’t specify at the fund, which survey was discussed by former Prime Minister Bidzina Ivanishvili. In addition, they explain the research, fund conducts  and …

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IMF Executive Board Concludes 2018 Article

The Executive Board of the International Monetary Fund (IMF) approved the completion of the second review of the three-year Extended Fund Facility (EFF) arrangement for Georgia. The EFF was approved on April 12, 2017 for an of SDR 210.4 million (about US$285 million or 100 percent of quota at the …

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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 …

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IMF Names 3 Main Challenges of Georgia

Mercedes Vera-Martin

”Infrastructure, competitiveness and education is the main challenges for Georgia,”- said Mrs. Mercedes Vera Martini, head of the International Monetary Fund’s mission to Business Morning. ”Those are the main barriers for inclusive growth. Economics should create job places, every citizen to feel the result of development. It’s also very important …

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IMF Increased Georgia’s Economic Growth Forecast

The International Monetary Fund is expecting 4.5% economic growth in Georgia this year, which is a 0.3% increase compared to previous forecast.According to the Fund’s prediction, economic growth in Georgia will accelerate to 4.8% in 2019. In addition, the current level of inflation in Georgia will be 3.6%, and in …

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