IMF sees strong signs of recovery in Georgian economy
IMF has revised the 2018 growth projection for Georgian economy upward to 5.5% in August. Photo: PM"s office
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“Georgian economy is showing strong signs of recovery, supported by prudent macroeconomic policies,” Managing Director of the International Monetary Fund Christine Lagarde stated following a meeting with Prime Minister of Georgia Mamuka Bakhtadze in Washington D.C yesterday.
“Prime Minister Bakhtadze and I discussed the solid progress under Georgia’s economic reform programme supported by the IMF’s $285 million Extended Fund Facility. We also discussed the importance of advancing Georgia’s ambitious reform agenda to support investment, education, and competitiveness, with the ultimate goal of achieving sustainable and inclusive growth, which will benefit all Georgians”, Lagarde said, adding that she has reiterated the IMF’s commitment to support Georgia and its people.
The IMF revised the 2018 growth projection for the Georgian economy upward to 5.5 per cent on August 28 as a result of stronger than expected economic performance.
PM Bakhtadze and Christine Lagarde have expressed readiness to continue fruitful cooperation in the future as well.
The International Monetary Fund (IMF) expects economic activity to remain strong in Georgia, supported by a favourable global environment and the firm implementation of programme policies.
The International Monetary Fund (IMF) is moving its forecast up, saying the Georgian economy will grow by 4.5 percent in 2018 and 4.8 percent in 2019.
Georgia has been named as a striking example of successful tax revenue reforms, the International Monetary Fund’s new report, Balancing Act: Managing the Public Purse, says.
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An International Monetary Fund (IMF) team, led by Mercedes Vera-Martin, has concluded its visit to Georgia, which was held during August 21-27 to discuss recent economic and financial developments and progress with structural reforms.
The Managing Director of the International Monetary Fund Christine Lagarde will pay a working visit to Georgia on May 19-21. During her visit Lagarde will also meet with President Salome Zurabishvili and President of the National Bank Koba Gvenetadze.