Georgian PM: IMF recognizes Georgian economy as one of healthiest in world

Georgian PM: IMF recognizes Georgian economy as one of healthiest in world

Georgia, Tbilisi, April 22 / Trend N. Kirtzkhalia /

Georgian Prime Minister Nika Gilauri met with IMF Director Christine Lagarde at the end of his visit to the U.S.

Lagarde told the Georgian TV after the meeting that Georgia is the IMF's partner.

"The Georgian economy is moving in the right direction," she said. "My meeting with Georgian Prime Minister confirmed this. He described the economic situation in Georgia in details."

Lagarde stressed that at present, Georgia does not need help due to the correct policy, although the IMF approved the next tranche worth $360 million, which the Georgian government can use if necessary.

"Our cooperation turned into the partnership," she said. "This is the best proof of the IMF's activity in Georgia."

Gilauri stressed that the IMF has recognized Georgia's achievements, which have been achieved in the economic sphere.

"Our government has achieved a low rate of state budget deficit, low rate of public debt to GDP and has kept low inflation," he said.

Gilauri added that the IMF recognizes the Georgian economy as "one of the healthiest" in the world.

Georgian Finance Minister Dmitry Gvindadze accompanied Prime Minister at the IMF meetings. He emphasized that the IMF shows interest in the reforms in the economic and fiscal policies that have been recognized as successful.

Gilauri and Gvindadze were in the U.S. on April 20-22 and took part in the IMF traditional spring meetings.

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