Cover IMF Staff Country Reports
Georgia: Fourth Review Under the Extended Fund Facility Arrangement and Request for Modifications of Quantitative Performance Criteria-Press Release; Staff Report; and a Statement by the Executive Director for Georgia
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2019: Issue 171
Language:
English
Publication Date:
19 Jun 2019
DOI:
https://doi.org/10.5089/9781498320641.002
ISBN:
9781498320641
ISSN:
1934-7685
Pages:
82
Keywords:
ISCR; CR; government reform agenda; current account; financial asset operation; equity holding; Executive Board discussion; inflation-targeting framework; budget lending; Loans; Credit; Europe; Central Asia and the Caucasus; Asia and Pacific
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Recent economic developments. Economic performance remained robust in 2018: growth reached 4.7 percent, supported by external demand; inflation stayed below the three percent target, the fiscal deficit remained in line with program commitments, and the current account improved. Tighter lending standards helped decelerate credit growth towards more sustainable levels. The banking sector remains well capitalized, liquid, and profitable. Dollarization remains elevated. In early 2019, growth conditions were favorable, with average inflation slightly above the target reflecting increased excises.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2019: Issue 171