IMF mission launches activity in Georgia
Georgia, Tbilisi, Oct. 29 / Trend , N.Kirtzkhalia/
The next mission of the International Monetary Fund (IMF) arrived in Georgia. The IMF Georgia Office said that the mission will stay in Georgia for two weeks and will assess the IMF program.
Representatives of the mission will meet with representatives of the Government of Georgia, and also consider the allocation of the next tranche to Georgia.
In the case of a positive decision on the allocation of tranches, Georgia will receive approximately $70 million.
Georgia received the last tranche of the IMF amounting to 94.6 million SDR in September this year. Part of the sum was used to fill the budget deficit, and some - to fill the foreign exchange reserves.
In August, the Board of the International Monetary Fund increased its assistance in the amount of 477.1 million SDR, approved for Georgia in the program Stand-By Arrangement for 270 million SDR.
Georgia has already received several trenches of the IMF.