Georgia : 2011 Article IV Consultation-Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Georgia.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Staff Representatives for the 2011 Consultation with Georgia, author.

Contributor:

Staff Representatives for the 2011 Consultation with Georgia, author.

Series:

IMF Staff Country Reports; Country Report ; No. 2011/087

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Georgia.

International Monetary Fund.

Economic development--Georgia.

Economic development.

Economic indicators--Georgia.

Economic indicators.

Georgia--Economic policy.

Georgia.

Physical Description:

1 online resource (74 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

The government of Georgia moved forcefully to counter the economic impact of the August 2008 conflict with Russia and global financial crisis. Monetary and prudential policy easing was, however, unable to prevent a sharp credit squeeze. The economy is recovering at a solid pace, with real GDP growth expected to exceed 6 percent in 2010. To reduce exposure to changes in external market conditions, the authorities could rely more on domestic financing. Macroeconomic policies were generally aligned with previous IMF recommendations.

Contents:

Cover; Contents; Executive Summary; I. The Policy Response to the Twin Crises and Recent Developments; Figures; 1. Direct Impact of the Crisis; 2. Policy Response and Outcome; II. Strengthening the Exit Strategy and the Foundations for Sustained Growth; Boxes; 1. Medium-term Scenario: Assumptions and Underlying Policies; A. Sustaining Growth and a Viable External Position; 2. Alternative Financing Scenario; B. Restoring a Sound Fiscal Position; 3. Social Programs in Georgia; C. Maintaining Price Stability

4. Staff Suggestions on a Possible Escape Clause to the Referendum Requirement for Tax IncreasesD. Preventing the Emergence of New Private Sector Imbalances; E. Relations with the Fund; III. Staff Appraisal; Tables; 1. Selected Macroeconomic Indicators, 2008-16; 2. Annual General Government Operations, 2009-16; 3. Summary Balance of Payments, 2008-16; 4. Accounts of the National Bank of Georgia, 2009-16; 5. Monetary Survey, 2009-16 ; 6. Selected Monetary and Financial Soundness Indicators, 2008-11; 7. External Vulnerability Indicators, 2008-16

8. External Financing Requirements and Sources, 2008-169. External Debt Sustainability Framework, 2006-16; 10. Public Sector Debt Sustainability Framework, 2006-16; 3. External Debt Sustainability: Bound Tests; 4. Public Debt Sustainability: Bound Tests; Contents; I. Relations with the Fund; II. Relations with the World Bank; III. Relations with the EBRD; Contents; I. Introduction; II. Macroeconomic and Structural Developments Since 2004; A. Macroeconomic Developments: From Fast Growth to Recession; Boxes; 1. Exchange Rate Flexibility

B. Structural Reforms: From a Transition to a Market-Based Economy2. Significant Progress Has Been Made in Fighting Corruption; III. Assessment of Recent Fund Involvement; A. The 2004-07 PRGF-Program Objectives, Design, and Performance; B. The 2008-11 SBA-Program Objectives, Design, and Performance; IV. Challenges and Risks Ahead and Future Fund Engagement; Appendixes; I. Status of Key Recommendations from the 2003 Ex Post Assessment; II. Structural Reforms During 2004-10; Annex; I. The Authorities' Reaction

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed September 24, 2014).

ISBN:

9786613879769

9781455260324

1455260320

9781462356621

1462356621

9781283567312

1283567318

9781455249275

1455249270