BAKU, Azerbaijan, April 12
Tamilla Mammadova – Trend:
The International Monetary Fund (IMF) predicts 63.8 percent of Georgia's external debt to GDP ratio by the end of 2021, up from 60.1 percent this year according to the country's budget, Trend reports via Georgian media.
As for the coming years, according to the IMF forecast, in 2022 Georgia's external debt ratio will be 61.04 percent, in 2023 - 59.159 percent, in 2024 - 57.248 percent, in 2025 - 55.512 percent, and in 2026 - at the level of 53.978 percent.
As for the forecast in the state budget, in 2022 the government expects an external debt ratio of 58.6 percent, in 2023 - 57.8 percent, and in 2024 - 57.6 percent.
The International Monetary Fund has cut its economic growth forecast for Georgia - the organization expects only a 3.5 percent recovery in the country this year when the previous forecast was for 4.3 percent growth. The Georgian government maintains a 4.3 percent growth forecast.
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