Georgian PM, IMF mission head review cooperation, economic matters
Garibashvili thanked John for the “firm support” of the IMF in Georgia's development and reforms, with the discussion also noting the readiness to continue the ongoing reforms in the country. Photo: Government Administration
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Activities of the International Monetary Fund in Georgia were discussed on Friday in a meeting between Georgian prime minister Irakli Garibashvili and James John, the head of the IMF mission in the country.
The officials reviewed the current programme of the institution on the backdrop of challenges in the region and noted its “great importance”, the government administration said.
Garibashvili thanked John for the “firm support” of the IMF in Georgia's development and reforms, with the discussion also noting the readiness to continue the ongoing reforms in the country.
The officials also pointed to economic growth trends in Georgia, highlighting that despite inflation remaining “one of the most important” global challenges, dynamics of decreasing inflation could be observed in Georgia.
Lasha Khutsishvili, the Georgian finance minister and Koba Gvenetadze, the head of the country’s National Bank, within the framework of the visit to the United States, held meetings with the executive director of the International Monetary Fund Paul Hilbers, the director of the Middle East and Central Asia department of IMF, Jihad Azour, and the director of the IMF fiscal affairs department, Vítor Gaspar.
Current and future projects funded in Georgia by the European Bank for Reconstruction and Development were discussed on Thursday in a meeting between the Georgian finance minister Lasha Khutsishvili and Jurgen Rigterink, the first vice president of EBRD.
Georgian finance minister Lasha Khutsishvili has discussed cooperation between Georgia and international financial institutions as part of his ongoing visit to the United States for annual meetings of the International Monetary Fund and the World Bank Group.
Georgian Prime Minister Irakli Garibashvili on Wednesday met Jihad Azour, the Director of the Middle East and Central Asia Department of the International Monetary Fund, to review the Fund’s new three-year, $280 million Stand-by Arrangement that aims to “further strengthen” microeconomic stability in Georgia.
Georgian authorities and the International Monetary Fund have reached a staff-level agreement on policies for completion of the first review of the stand-by arrangement following "productive discussions" between the sides, which will allow the organisation to allocate $38 million for the country, the IMF announced on Monday.
Georgian finance minister Lasha Khutsishvili on Monday said the country’s partnership with the International Monetary Fund was "particularly important" in light of "current challenges" created by the conflict in Ukraine.
Questions of bilateral cooperation between Georgia and Iran were discussed on Friday in a meeting between the Georgian prime minister Irakli Garibashvili and Mahmoud Adib, the newly appointed Iranian ambassador to the country.
Sectoral cooperation between the Georgian Government and the European Bank for Reconstruction and Development in areas including infrastructure was discussed on Tuesday in a meeting between officials from the country and Mark Bowman, the EBRD Vice President for Policy and Partnerships.
Georgia’s progress in debt management, operating an office for large taxpayers and facilitating risk analysis and tax audit was discussed between the country’s Finance Minister Lasha Khutsishvili and Enrico Aavi, the head of the Technical Assistance project of the International Monetary Fund, the Ministry said on Tuesday.