Georgia to mull budget financing via IMF loans

Business Materials 6 July 2009 16:59 (UTC +04:00)

Georgia, Tbilisi, July 6 / Trend , N.Kirtzkhalia/

The International Monetary Fund's (IMF) mission will visit Georgian on July 7-8, Georgian Premier Nika Gilauri said.

The premier said the IMF implements a new program, which envisages budget financing.

"The Monetary Fund determined the cost of the program. Negotiations will be held in July to grant some part of tranche to the 2010 budget," Gilauri said.

During the visit, the parties will hold the talks to allocate the second tranche loan and determine amount of financing for the country's budget, he said.

"This tranche is expected to be approved in August," Gilauri said.

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