Georgia: Recent Economic Developments

International Monetary Fund

No 1997/036, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Georgia during 1990–96. Following the implementation of tight financial policies and the liberalization of prices, trade, and the exchange system, growth resumed in 1995 and accelerated in 1996, against the background of a stable exchange rate and declining inflation. At the same time structural reform continued to advance, laying the ground for increased private sector activity and sustained growth in the medium term. Following the introduction of the lari in October 1995, a gradual remonetization of the economy took place, and gross international reserves were replenished.

Keywords: ISCR; CR; enterprise; government; Georgia; procedure; tax; State budget; reform strategy; customs duty; local government; order system; grace period; reform program; government securities market; government labor force; General government operation; reform effort; government payroll; Commercial banks; Privatization; Imports; Tax administration core functions (search for similar items in EconPapers)
Pages: 100
Date: 1997-05-12
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