IMF approves $200 mln for Georgia to address economic impact of coronavirus

Tao Zhang, IMF Deputy Managing Director and Chair stated that the coronavirus pandemic “has hit the Georgian economy hard”.Photo: Nino Alavidze/, 02 May 2020 - 14:25, Tbilisi,Georgia

The Executive Board of the International Monetary Fund (IMF) has approved $200 million for Georgia to help address the effects of the coronavirus. 

This, IMF said, will help Georgia “meet urgent balance of payments and fiscal needs” stemming from the COVID-19 pandemic, including “increased spending on health services and social protection”.