Georgia : 2018 Article IV Consultation, Second Review under the Extended Fund Facility Arrangement, and Request for Modification of a Quantitative Performance Criterion
Press Releases; Staff Report; and Statement by the Executive Director for Georgia
Series:Country Report No. 18/198
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Publication year: 2018
Cdn: $23.50; US: $18.00
Georgia continues to make progress in addressing macroeconomic imbalances, supported by its Extended Fund Facility (EFF) arrangement. Since the 2016 Article IV consultation, growth has picked up, the fiscal deficit has been contained, the banking sector has been stable, and the external position has strengthened. However, structural challenges hinder growth, calling for maintaining the reform momentum.