Georgia: Selected Issues

International Monetary Fund

No 2018/199, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper assesses macroeconomic and structural reforms in Georgia. The government’s reform package includes a fiscal policy within a declining deficit path which intends to incentivize private investment, a scaling up of public investment, improvement in government’s efficiency, and an education reform. Based on modeling analysis, the implementation of this package will provide significant benefits to the economy. Over the long term, real GDP is estimated to be about 5 percent higher than in the baseline and—in the path toward the new equilibrium—annual growth about 0.7 percentage points higher over the medium term. The education reform has sizeable effects, but they only come into effect in the long term.

Keywords: ISCR; CR; Georgia; product; GDP; export product diversification; GDP growth; monetary policy stance; National bank of Georgia; productivity growth; Labor markets; Employment; Exports; Export diversification; Global (search for similar items in EconPapers)
Pages: 57
Date: 2018-06-28
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2018/199

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