Georgia : 2013 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Middle East and Central Asia Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/264

IMF Staff Country Reports

Language:

English

Subjects (All):

Finance--Georgia.

Finance.

Georgia--Economic conditions.

Georgia.

Physical Description:

1 online resource (61 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

This 2013 Article IV Consultation highlights that Georgia’s real GDP growth averaged 6½ percent in 2011–2012, about 1½ percentage points more than projected at the 2011 Article IV consultation. Inflation has declined steadily, reflecting lower food prices, lagged effects of exchange rate appreciation, and cuts in administered energy prices. The exchange rate has faced appreciation pressures, but has been kept stable against the U.S. dollar. However, the economy has slowed down markedly since mid-2012, and unemployment remains high at 15 percent. Despite the slowdown, growth could still reach 4 percent in 2013, rising to about 6 percent in 2014 and beyond.

Contents:

Cover; CONTENTS; ECONOMIC DEVELOPMENTS; A. Context; FIGURES; 1. Health and Education Outcomes, Poverty, and Inequality; B. Recent Developments; C. Policy Agenda; 2. Current Account Balance, 2003-12; 3. Financing of the Current Account, 2003-12; 4. Real Sector Developments, 2008-13; 5. Money and Inflation, 2010-13; 6. Monetary and Banking Sector, 2008-13; BOXES; 1. Scaling Up Social Expenditures; POLICY DISCUSSIONS; A. Understanding and Ending the Slowdown; B. Policies to Ensure External Sustainability and Reduce External Risks; 2. External Stability Assessment

C. Structural Reforms to Boost Growth and Competitiveness3. Electricity Sector; D. New Government's Social Policies; E. Monetary and Financial Sector Reform; STAFF APPRAISAL; TABLES; 1. Macroeconomic Framework, 2010-14; 2. Summary Balance of Payments, 2011-18; 3. General Government Operations, 2012-18; 4. Monetary Survey, 2010-14; 5. Accounts of the National Bank of Georgia, 2010-14; 6. Selected Monetary and Financial Soundness Indicators, 2007-13; 7. Public Sector Debt Sustainability Framework, 2008-18; 7. Public Debt Sustainability: Bound Tests

8. External Debt Sustainability Framework, 2008-188. External Debt Sustainability: Bound Tests; CONTENTS; RELATIONS WITH THE FUND; RELATIONS WITH THE WORLD BANK; RELATIONS WITH THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD); STATISTICAL ISSUES; IMF Executive Board Concludes the 2013 Article IV Consultation with Georgia; Executive Board Assessment; TABLE; Georgia: Selected Economic Indicators, 2010-14; Statement by Menno Snel, Executive Director for Georgia and Metodij Hadzi-Vaskov, Advisor to the Executive Director July 10, 2013; Fiscal policy; Monetary and exchange rate policies

Financial systemStructural reforms

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed November 7, 2013).

ISBN:

9781484353646

1484353641

9781484338193

1484338197

9781475559354

1475559356