IMF representative in Georgia advises Georgia's government to consider issue of state bonds carefully

Business Materials 3 June 2009 16:56 (UTC +04:00)

Georgia, Tbilisi, June 3 / Trend N. Kirtskhalia /

The International Monetary Fund representative in Georgia Edward Gardner advises the government to be careful in issue of state obligations. The government must properly calculate cost of securities as such actions are connected with big expenses, Gardner told media outlets on June 3. 

"Issue of state obligations has its privileges for development of financial sector as they are instrument of trade between commercial banks and national bank," the IMF said. 

Georgian prime-minister Nika Gilauri stated about the government's intention to issue state obligations in the amount of 200-250 million lari ($1 - 1.66 lari).

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