Georgian PM, IMF Deputy Chief discuss country’s economy
The Government's head also extended his gratitude to John for IMF's “firm support” of Georgia's structural, financial, and economic reforms, noting the country was “committed to reforms”. Photo: PM's Press Office
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The current economic situation in Georgia was discussed on Friday in a meeting between the Georgian Prime Minister Irakli Garibashvili and James John, the Deputy Chief of the International Monetary Fund.
The PM’s press office said the meeting highlighted the country’s “remarkable” economic recovery following the crisis brought by the Covid-19 pandemic outbreak, and said the dynamics remained present despite “global issues”.
Garibashvili emphasised the importance of the IMF's current $289 million programme for macroeconomic and financial stability of the country.
The Government's head also extended his gratitude to John for IMF's “firm support” of Georgia's structural, financial, and economic reforms, noting the country was “committed to reforms”.
Georgian Prime Minister Irakli Garibashvili on Friday announced the launch of the construction of an accommodation project set to house 1,000 law enforcement officers in capital Tbilisi.
Dear Prime Minister Orban, Dear Guests, Ladies and Gentlemen, it is a great privilege for me to be here, in Hungary, the true heart of Europe and one of its oldest countries, in this charming capital of Budapest. I share with you the admiration for its rich history, and the fight that Hungary has conducted for centuries, to protect Europe and the free world from numerous enemies.
Georgian authorities have adopted a programme supported by the International Monetary Fund and focused on addressing macroeconomic challenges of the country, Bo Li, the Deputy Managing Director of the IMF said on Tuesday.
Georgia and the International Monetary Fund (IMF) have reached a deal on a $289 million programme for macroeconomic and financial stability of the country, the IMF mission chief James John announced on Friday.
The International Monetary Fund on Thursday announced the completion of the second review under the Stand-By Arrangement with Georgia, with the process making about $40 million in support available to the country.
James John, the Mission Head of the International Monetary Fund, on Thursday told Georgian media the country’s Government and central bank were making “satisfactory efforts” to comply with the international sanctions placed on Russia for its invasion of Ukraine.
Georgian Finance Minister Lasha Khutsishvili on Thursday welcomed an increase in the International Monetary Fund’s estimation of 2023 economic growth for Georgia to five percent, and the institution’s allocation of about $40 million in support of the country.