Georgia, Tbilisi, Dec. 27 / Trend N. Kirtskhalia /
The International Monetary Fund (IMF) has no obligation to provide financial assistance to Georgia, the Georgian Finance Minister, Kakha Baindurashvili said today.
According to him, even though IMF programs are in their final stage toward formal completion in the first half of 2011, the transfers are already terminated.
Regarding future cooperation with the IMF, Baindurashvili said that preliminary talks on this issue have already begun. Both the Georgian side and IMF experts believe that the country is out of a crisis and no longer needs such active assistance.
"This program was developed in August 2008 and adjusted in the fourth quarter of the same year. The program focused on overcoming the post-war problems and contained anti-crisis measures. At this stage, according to our opinion and the opinion of IMF experts, Georgia is out of the crisis and, therefore, there is no need to continue the program," the minister said.
According to Baindurashvili, technical assistance from the IMF will continue and, in if necessary, the financial resources of the Fund will be available to Georgia.