BAKU, Azerbaijan, May 5. As the pandemic's impact has decreased, Georgia's fiscal policy is moving towards the repair of the fiscal metrics, Trend reports citing the Moody’s Investor Service.
Georgia's fiscal policy is aimed to improve the country's fiscal metrics including a lower deficit consistent with its fiscal rule, rebuilding the capacity of fiscal policy to respond to future shocks, as well as supporting long-term development priorities including infrastructure development and improved education outcomes, with the reference to the Moody’s.
Moreover, Georgia continues to attract support from international financial institutions as well as the private sector. The latter was confirmed by the over-subscribed $500 million Euro bond issuance in 2021. It is unlikely that funding would be an issue even in the case of military conflict.
The IMF announced recently the establishment of a staff-level agreement with the Georgian authorities on a three-year Stand-by Arrangement (SBA).