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IMF to consider allocation of next tranche to Georgia

Business Materials 19 March 2010 10:10 (UTC +04:00)
The International Monetary Fund's Board of Directors will consider the allocation of the next tranche to Georgia within the Stand-By Arrangement Program (SBA) March 19.
IMF to consider allocation of next tranche to Georgia

Georgia, Tbilisi, March 19 / Trend , N. Kirtskhalia /

The International Monetary Fund's Board of Directors will consider the allocation of the next tranche to Georgia within the Stand-By Arrangement Program (SBA) March 19.

In the case of a positive decision, Georgia will receive 97.3 million SDR (about $150 million).

In 2010, Georgia will receive from the IMF $400 million, and $100 million in 2011. These funds will be spent on the replenishment of the public budget.

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