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IMF underlines successfully completed four-year extended program in Georgia

Finance Materials 14 May 2021 09:37 (UTC +04:00)
IMF underlines successfully completed four-year extended program in Georgia

BAKU, Azerbaijan, May 14

Tamilla Mammadova – Trend:

International Monetary Fund (IMF) Resident Representative for Georgia Selim Chakir and Prime Minister Irakli Garibashvili underlined the successfully completed four-year extended IMF program, Trend reports via the governmental press service.

The press statement reads that the conversation focused on the situation created due to the COVID-19 pandemic. Garibashvili appreciated Chakir for the assistance provided by the International Monetary Fund in overcoming the difficult period of the pandemic. The parties noted that the country started the COVID-19 vaccination and the economic recovery. The first-quarter figures predict the 2021 economic growth.

According to Garibashvili, this was the key program that helped the government’s economic team prepare and implement a crisis management strategy.

The Head of Government said his team carried out some crucial reforms, including the indexation of pensions and the automated VAT refund system despite the pandemic, and noted that intensive work would continue in this direction.

Garibashvili and Chakir discussed the prime minister-initiated ten-year development plan of the country. Garibashvili stressed the importance of the IMF and development partners’ active involvement in this plan’s implementation.

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