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

International Monetary Fund

No 2020/322, IMF Staff Country Reports from International Monetary Fund

Abstract: Georgia’s performance under the Extended Arrangement has been positive, but the country is now facing a pronounced economic slowdown. Domestic and external demand remain weak, and service sector activity remains sluggish. Staff projects the economy to shrink by 5.1 percent this year followed by a gradual recovery.

Keywords: ISCR; CR; inflation expectation; Executive Board discussion; IMF Deputy managing director; economic reform program; Georgia meet balance of payments; inflation pressure; COVID-19; Loans; Credit; Europe; Central Asia and the Caucasus; Asia and Pacific (search for similar items in EconPapers)
Pages: 84
Date: 2020-12-20
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