Georgia: Fourth Review Under the Extended Fund Facility Arrangement and Request for Modifications of Quantitative Performance Criteria-Press Release; Staff Report; and a Statement by the Executive Director for Georgia

International Monetary Fund

No 2019/171, IMF Staff Country Reports from International Monetary Fund

Abstract: Recent economic developments. Economic performance remained robust in 2018: growth reached 4.7 percent, supported by external demand; inflation stayed below the three percent target, the fiscal deficit remained in line with program commitments, and the current account improved. Tighter lending standards helped decelerate credit growth towards more sustainable levels. The banking sector remains well capitalized, liquid, and profitable. Dollarization remains elevated. In early 2019, growth conditions were favorable, with average inflation slightly above the target reflecting increased excises.

Keywords: ISCR; CR; government reform agenda; current account; financial asset operation; equity holding; Executive Board discussion; inflation-targeting framework; budget lending; Loans; Credit; Europe; Central Asia and the Caucasus; Asia and Pacific (search for similar items in EconPapers)
Pages: 82
Date: 2019-06-19
New Economics Papers: this item is included in nep-cis and nep-mac
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