Cover IMF Staff Country Reports
Georgia: Seventh Review Under the Extended Fund Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and 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 2020: Issue 322
Language:
English
Publication Date:
20 Dec 2020
DOI:
https://doi.org/10.5089/9781513564845.002
ISBN:
9781513564845
ISSN:
1934-7685
Pages:
84
Keywords:
ISCR; CR; inflation expectation; Executive Board discussion; IMF Deputy managing director; economic reform program; Georgia meet balance of payments; inflation pressure; COVID-19; Loans; Credit; Europe; Central Asia and the Caucasus; Asia and Pacific
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Georgia’s performance under the Extended Arrangement has been positive, but the country is now facing a pronounced economic slowdown. Domestic and external demand remain weak, and service sector activity remains sluggish. Staff projects the economy to shrink by 5.1 percent this year followed by a gradual recovery.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2020: Issue 322