IMF notes upswing in Georgian economy
Tbilisi, Georgia, Nov.20
By Nana Kirtzkhalia - Trend:
Georgia's economy has seen a significant upswing in recent months; According to the head of the International Monetary Fund mission Mark Griffiths, this is a good sign.
Griffiths believes that the government should work more on resolving employment problems and the creation of new work places.
"Together with Georgia, we reviewed the current economic situation of the country and prospects for next year and the government's plans for the 2014 budget. Economic growth should amount to 2.5 percent this year because the economy has revived in recent years and this is a very good sign. We hope that this figure will hit five percent in 2014; this would be very good. In order to achieve this, we need political stability and improvement of the business environment. The government should also work on resolving unemployment problem and the creation of new work places in order to contribute to the country's economic development. The new government of Georgia has good chances for achieving this and we want to help it in this issue," Mark Griffiths said.