Georgia: Request for Extended Arrangement Under the Extended Fund Facility and Cancellation of Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Georgia
International Monetary Fund. Middle East and Central Asia Dept.
Apr 2017 · International Monetary Fund
Ebook
103
Pages
reportRatings and reviews aren’t verified Learn More
About this ebook
Georgia is recovering from an adverse external shock (a decline in trading partners’ growth since late 2014), although at a slower pace than previously envisaged. The economy has shown resilience to the external shock, with real GDP growth averaging 2.8 percent in 2015–16, the highest among its main trading partners, except for China and Turkey. The exchange rate was allowed to adjust, and the dollarized banking sector has weathered the significant depreciation vis-à-vis the dollar. With depreciation of major trading partner currencies, external competitiveness has not improved, however. Hence, external imbalances remain elevated and reserves below adequate levels. Following the October 2016 parliamentary elections that gave the ruling party a constitutional majority, the new government has united around a policy agenda centered on bolstering growth.
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
