IMF, Georgia agree on 2016 economic policy
The mission of the International Monetary Fund ended its two-day working visit to Georgia Nov.21, Georgia Online reported.
During the visit, the IMF mission and Georgian government agreed on the basic parameters of the economic policy for 2016.
Head of the IMF mission Mark Griffiths told reporters that very good meetings and negotiations were held during the visit.
He noted that the sides reviewed the parameters of the 2015 budget and the draft budget for 2016 and agreed that the budget deficit will not exceed 3 percent.
Moreover, they emphasized the necessity of speeding up the structural reforms, including the pension reforms, introduction of a deposit insurance system and ensuring the development of the capital market, according to Griffiths.