Georgia: Eighth Review Under the Extended Fund Facility Arrangement-Press Release; and Staff Report

International Monetary Fund

No 2021/079, IMF Staff Country Reports from International Monetary Fund

Abstract: Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The lockdowns drove a contraction of around 6.2 percent of GDP in 2020, and a recovery is expected to take hold in the second quarter of 2021.

Keywords: Policy discussion; inflation targeting framework; EFF arrangement; inflation expectation; budget lending; COVID-19; Loans; Credit; Central Asia; Global (search for similar items in EconPapers)
Pages: 74
Date: 2021-04-20
New Economics Papers: this item is included in nep-cis and nep-mac
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