Georgia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Georgia.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Middle East and Central Asia Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2021/215

IMF Staff Country Reports

Language:

English

Subjects (All):

Monetary policy.

Economic policy.

Physical Description:

1 online resource (84 pages) : illustrations.

Other Title:

Georgia

Place of Publication:

Washington, D.C. : International Monetary Fund, 2021.

Summary:

High frequency estimates suggest a V-shaped recovery with output now poised to return close to 2019 levels already this year, much earlier than expected. Recently COVID-19 case numbers have risen sharply to new highs while vaccinations have also accelerated significantly after a slow start. The recovery has improved the fiscal outlook and the authorities submitted to Parliament a supplementary budget, with GEL 1.2 billion in additional spending roughly equivalent to the expected increase in revenues. The National Bank of Georgia (NBG) has increased the policy rate by 200 basis points to deal with high inflation driven by lagging effects of depreciation, commodity and food price increases, and supply side constraints.

Contents:

Front Matter

Georgia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Georgia

Georgia: Staff Report for the 2021 Article IV Consultation- Informational Annex

Statement by Mr. Rashkovan, Alternate Executive Director, and Mr. Tsur, Senior Advisor on Georgia September 15, 2021.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781513597997

151359799X