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Tag Archives: Tao Zhang

Dimitri Kumsishvili and Koba Gvenetadze met with Managing Director of the IMF

Dimitri Kumsishvili and Koba Gvenetadze met with Managing Director of the IMF

The First Deputy Prime Minister of Georgia and Koba Gvenetadze, President of the National Bank of Georgia have discussed current cooperation program and its progress with Tao Zhang, Deputy Managing Director of the International Monetary Fund. The meeting was also attended by Mercedes-Vera Martin, head of International Monetary Fund’s mission. According to the Ministry of Finance, …

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IMF Representative: Workforce Skills in Georgia Differ form Market Demands

Tao Zhang

Tao Zhang, deputy managing director for International Monetary Fund (IMF), asserts that there is much difference between workforce skills and the labor market demands in Georgia. New technologies and new business models are developed on global markets. Therefore, there is much demand for new working skills, he said. “Schools should …

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The IMF Names Terms of Returning Georgia to the 5% Growth

The IMF Names Terms of Returning Georgia to the 5% Growth

Tao Zhang, Deputy Managing Director, IMF names terms of returning Georgia to the 5% growth. He made remarks at Tbilisi State University and noted that they see Georgia returning to the 5.5 percent growth after the recent downturn, but it would depend on several issues. “That will depend on the continuation …

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Monetary Fund Names 3 Key Challenges For Georgia

International Monetary Fund (IMF) has named 3 key challenges for Georgia. Small exports basis is number one problem for Georgia, Tao Zhang, deputy managing director for IMF, said. “Traditional agriculture and the existing industries such as steel factory will not suffice to boost the country’s exports in quickly-changing global economies. …

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IMF Approves $285.3 million Extended Arrangement for Georgia

The Executive Board of the International Monetary Fund (IMF) approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Georgia for an amount of SDR 210.4 million (about $285.3 million or 100 percent of quota) to support the authorities’ economic reform program. The EFF-supported program will help Georgia …

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