Finance Minister meets IMF Mission, discusses macroeconomic position, fiscal, monetary policies

Georgian Finance Minister Lasha Khutsishvili on Monday hosted a mission of the International Monetary Fund on a visit to Georgia for consultations with the country’s authorities, to discuss macroeconomic position of the country as well as fiscal and monetary policies of its Government.

The Ministry of Finance said Khutsishvili shared the information with the mission on the current trend of budget execution and midterm domestic projections.

The meeting noted the post-pandemic macroeconomic parameters of Georgia “evidence resilience”, while fiscal parameters had returned to benchmark indicators.

In parallel with support demonstrated to reforms and capital expenditure projects, work will progress towards “further improving and perfecting” mid- and long-term analysis, forecasting and planning instruments, the Ministry said.

The meeting also highlighted the importance of the European Union membership candidate status, granted to Georgia in December, and the role of the status in the agenda of reform of management of public funds.