Collapse does not threaten Georgian economy after donor aid ends in 2011
Georgia, Tbilisi, Feb.23 / Trend, N. Kirtskhalia /
The Georgian economy will not face serious problems after the funds allocated by the international community to restore the country's economy run dry, Edward Gardner, the IMF senior resident representative to Georgia, said at a briefing in Tbilisi.
Donors and international organizations will have provided $4.5 billion by late 2011.
"Financial assistance from the World Bank and the Asian Development Bank will continue, and there are also bilateral agreements," he said.
The IMF is currently providing loans totaling about $1.2 billion to Georgia within a three-year program that launched in 2008.
"The IMF is discussing a new program for a lesser amount with the government," Gardner said.