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The IMF Expects to Mobilize FDI in Tradable Sectors

The IMF Expects to Mobilize FDI in Tradable Sectors

The International Monetary Fund (IMF) expects to mobilize Foreign Direct Investments (FDI) in tradable sector. Georgia continues to promote trade integration. Free Trade Agreements (FTAs) will help mobilize FDI in tradable sectors, improve competitiveness, reduce external imbalances and generate more balanced growth, – the IMF declared, which recently completed the …

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Georgia’s 2018 Budget Appropriately Targets Further Fiscal Consolidation

The 2018 budget appropriately targets further fiscal consolidation, IMF reports. The 2018 budget envisages a further decline in the deficit while allowing for an increase in capital spending. To achieve this, efforts to strengthen revenue administration should continue, especially to prevent the buildup of VAT claims. The authorities should also …

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Georgia Receives $42,4 Million From IMF

The Executive Board of the International Monetary Fund (IMF) completed the First Review of Georgia’s performance under the three-year extended arrangement under the Extended Fund Facility (EFF) on a lapse of time basis. The completion of the review enables the release of SDR 30 million (about $42.4 million), bringing total …

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Georgia’s External Debt Rises by 0.545bn USD Year on Year

Georgia’s external liabilities are growing. Over the past year Georgia’s foreign liabilities rose by 0.545bln USD and equaled to 5.01bln USD as of October 31, 2017. According to Ministry of Finance, monthly reports have recorded a slight contraction in debts, down from 5.005bln USD as of September 2017. The figure …

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IMF COUNTRY FOCUS – Georgia Growing

IMF COUNTRY FOCUS – Georgia Growing

Georgia is in the focus of the International Monetary Fund (IMF). The Vice Prime Minister of Georgia and the President of the National Bank of Georgia (NBG) are responding to the IMF questions on the current situation and perspectives in the country. The interview was held during the annual meeting …

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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 …

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