The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This report reviews Georgia's performance under the two IMF-supported programs, covering the period 1996-2003. It also discusses the key challenges that Georgia faces in realizing the goals of its recently finalized Economic Development and Poverty Reduction Program (EDPRP). Georgia has broadly maintained a liberal trade and payments system. The authorities have made substantial progress in implementing financial sector reforms.