Georgia: Third Review Under the Extended Fund Facility Arrangement-Press Release; Staff Report; Staff Supplement

International Monetary Fund

No 2018/373, IMF Staff Country Reports from International Monetary Fund

Abstract: Recent economic developments. Economic activity remained strong in 2018H1 but decelerated since due to subdued private construction activity and delays in public infrastructure. Inflation has remained below the 3-percent inflation target in 2018. Higher revenues and lower investment resulted in a fiscal surplus through September 2018. Against the background of high credit growth, the authorities introduced regulations to limit household over-indebtedness. The banking sector remains well capitalized, liquid, and profitable, but dollarization remains high.

Keywords: ISCR; CR; spending allocation; government; discussion; inflation-targeting framework; vulnerability to external shocks; Third Review of Georgia's performance; reform effort; NBG debt to the IMF; Credit; Loans; Global (search for similar items in EconPapers)
Pages: 74
Date: 2018-12-19
New Economics Papers: this item is included in nep-mac
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