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Georgia: 2009 Article IV Consultation and Second Review Under the Stand-By Arrangement: Staff Report; Press Release and Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Georgia

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  • International Monetary Fund

Abstract

This 2009 Article IV Consultation highlights that the fiscal deficit in Georgia widened markedly in 2008. The composition of spending improved from high defense and election outlays in the first half of the year to infrastructure and social spending in the second half. Executive Directors have observed that the Georgian economy has been seriously affected by the August 2008 armed conflict, and now by the global downturn. Directors have supported the authorities’ plans to contain the economic slowdown through a donor-financed fiscal stimulus and a reorientation of expenditures.

Suggested Citation

  • International Monetary Fund, 2009. "Georgia: 2009 Article IV Consultation and Second Review Under the Stand-By Arrangement: Staff Report; Press Release and Public Information Notice on the Executive Board Discussion; and Statement by th," IMF Staff Country Reports 2009/127, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/127
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22889
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    Cited by:

    1. Ahmed Taneem Muzaffar & Anis Chowdhury, 2014. "The IMF and the policy of low inflation: A review of Article IV consultations for selected Asian developing countries," The Economic and Labour Relations Review, , vol. 25(3), pages 435-454, September.

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