Minister: IMF supports Georgia's economic strategy
Tbilisi, Georgia, Nov. 20
By Nana Kirtzkhalia -Trend:
The International Monetary Fund (IMF) supports Georgia's economic strategy, Georgian Finance Minister Nodar Khaduri said after the meeting with IMF mission representatives.
"The IMF supports the government's plan, which gives us even more hope that next year Georgia will reach all planned macroeconomic indicators, of which we have spoken, as well as those which the draft budget 2014 based on. We assume that the monthly growth of Georgia's economy will reach seven percent. Unfortunately, we can not achieve economic growth of six percent per year, but the autumn and the first month of winter give us some hope," the minister stressed.
According to the IMF mission, under conditions of political stability and improvement of the business environment in 2014 economic growth in Georgia may reach five percent.
"In 2013, economic growth in Georgia was 2.5 percent. In the future, we expect five percent growth, and this requires a stable political situation and improving the business environment," the head of IMF mission Mark Griffiths stressed.