Georgia: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Georgia

International Monetary Fund

No 2026/133, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2026 Article IV Consultation highlights that Georgia’s economy remains resilient, supported by sound macroeconomic management and strong policy buffers. Growth is robust but set to moderate toward potential. Headline inflation has risen above target, with a modest overshoot in core inflation. The external position has strengthened, fiscal policy remains disciplined, and the financial sector is sound. Policies should prioritize preserving macro‑financial stability and hard‑won credibility, while accelerating structural reforms to support job‑rich growth. Monetary policy should remain focused on bringing inflation back to target. Fiscal policy should remain disciplined, preserving space for priority spending. Structural reforms are needed to sustain strong growth and create more jobs. Efforts should focus on tackling high unemployment by strengthening vocational education and public employment services, and aligning social assistance with work incentives, while advancing infrastructure investments, regional integration, and judicial and anticorruption reforms to boost competitiveness. Stakeholder consultation is important for effective reform design and implementation.

Keywords: net lending; Nbg website; policy outcome; Imf executive board; Ministry of Finance oversight; Inflation; Labor markets; Middle East; Global; Central Asia (search for similar items in EconPapers)
Pages: 63
Date: 2026-06-10
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