IMF hopes Georgia's economic indicators to remain in agreed parameters

Business Materials 6 July 2019 14:58 (UTC +04:00)

Baku, Azerbaijan, July 6

By Tamilla Mammadova - Trend:

We hope that, despite the problems facing the country, the economic indicators of Georgia will remain in the agreed parameters, representative of the International Monetary Fund (IMF) Selim Chakir said, Trend reports citing reference to Ministry of Economy and the Sustainable Development of Georgia.

Minister of Economy and Sustainable Development of Natia Turunava met with the new representative of the International Monetary Fund in Georgia Selim Chakir, who replaced Francois Peso in this post.

The parties discussed in detail the current program of IMF in the country, the trends in the national economy, and current and planned reforms. It was noted that the program is very important for Georgia, since it is based on the reform program of the Georgian government and supports the achievement of strategic goals.

At the meeting, the representative of the Monetary Fund gave a positive assessment of the agreement with Georgia.

The new three-year program approved by IMFin April 2017 aims at supporting economic reforms in Georgia. It provides for the allocation of about $297.5 million, of which more than $166.3 million the country has already received. Georgia can receive the remaining amount within a year and a half subject to the successful completion of the three semi-annual reviews.

(1 USD = 2.80 GEL on July 6)