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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
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 328
Language:
English
Publication Date:
06 Oct 2008
DOI:
https://doi.org/10.5089/9781451814675.002
ISBN:
9781451814675
ISSN:
1934-7685
Pages:
116
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2008: Issue 328