Georgian PM, IMF mission review “positive” economic trends

Georgian Prime Minister Irakli Kobakhidze on Friday discussed “positive” economic trends during his meeting with a mission from the International Monetary Fund in Tbilisi.

Budget execution and midterm domestic projections were discussed at the meeting, the Government Administration said.

The sides noted that “correct and consistent” fiscal policies of the country’s Government had ensured “positive results in all sectors” despite the pandemic and the “current geopolitical situation”.

In comments about macroeconomic trends, the officials noted Georgia had maintained its economic growth rate, with figures reaching 7.5 percent in 2023 and 5.8 percent in January 2024.

Attention was also placed on the importance and role of Georgia being granted the European Union membership candidacy status, and reforms planned in management of public finances.