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.

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With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
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Economy

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).

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

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Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
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Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
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Georgia Sees Surge in Electric Vehicle Registrations
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Levan Lepsveridze Joins Jury at Cannes International Festival
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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).

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06