Georgia: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

International Monetary Fund

No 2008/328, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines Georgia’s request for an 18-month arrangement for SDR 477.1 million, equivalent to about US$750 million, which would constitute exceptional access. IMF support to the government’s macroeconomic policies is intended to provide the needed financing to rebuild gross international reserves, and to help restore investor confidence. Monetary policy has to tackle the dilemma of providing sufficient liquidity to the banking system while stabilizing the exchange rate and avoiding an excessive loss of international reserves.

Keywords: ISCR; CR; stand-by arrangement informational annex; stand-by; request; investor confidence; arrangement; arrangement informational annex; IMF quota; GRA credit; International reserves; Credit; Global (search for similar items in EconPapers)
Pages: 116
Date: 2008-10-06
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