Georgia: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Requests for Waiver of Performance Criterion and Conversion of an Indicative Target into a Performance Criterion

International Monetary Fund

No 2005/314, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility (PRGF) for Georgia. All quantitative performance criteria (PCs) for end-December 2004 were met, but the indicative target on reserve money growth was exceeded, mainly because of large unsterilized intervention in the foreign exchange market. The structural reform agenda focuses on consolidating the fiscal gains, removing key obstacles to growth, and enhancing social protection and the provision of basic services.

Keywords: ISCR; CR; government; authority; reform agenda; staff appraisal; bankruptcy regime; executive board discussion; government operation; Monetary base; Currencies; Poverty reduction strategy; Global (search for similar items in EconPapers)
Pages: 70
Date: 2005-09-01
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