Economy
Posted: 10 months ago

Georgia to Attract $112.1 million from IMF

Georgia is expected to attract $112.1 million (SDR 79 million) from the International Monetary Fund (IMF).

The allocation should be approved by the IMF executive board; however, Georgia has already achieved a due agreement with the IMF mission.

According to the IMF statement, this portion will expand the total amount that Georgia has received as part of the Extended Fund Facility (EFF) to $576.4 million. „As a result of productive discussion, the Georgian government and the IMF mission have achieved agreement on completion of the 7th review as part of the Extended Fund Facility (EFF).

In the first half of 2020, the program terms and conditions were fully satisfied. The agreement should be approved by the IMF executive board”, the mission head Mercedes- Vera Martini noted. The IMF Mission in Georgia has fulfilled works in digital format from October 5 to November 9.