Georgia: Recent Economic Developments and Selected Issues

International Monetary Fund

No 2001/211, IMF Staff Country Reports from International Monetary Fund

Abstract: Real GDP growth in Georgia has been slow since the Russian crisis, but there are signs of more vigorous growth, despite weak external demand. The paper discusses administrative corruption, state capture, influence, and tax policy formulation. The trends of total social expenditure in relation to fiscal adjustment have been analyzed and discussed in the context of Georgia's poverty reduction strategy. Banking sector reforms and financial development, dollarization, the energy sector, and statistical data of economic indices of Georgia are also presented.

Keywords: ISCR; CR; foreign currency; exchange rate; banking sector; treasury bill; banking system; distribution company; tax code; interest rate; Excises; Currencies; Dollarization; Commercial banks; Eastern Europe (search for similar items in EconPapers)
Pages: 128
Date: 2001-11-26
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