IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2022-188.html
   My bibliography  Save this paper

Georgia: Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Georgia

Author

Listed:
  • International Monetary Fund

Abstract

The authorities’ policy response aided a robust recovery from the COVID-19 shock in 2021 with output growth above expectations reflecting pent-up demand and strong export performance. However, spillovers from the war in Ukraine are expected to dampen growth, raise inflation, and widen the current account deficit this year. The recovery in 2021 and scaling back of pandemic measures led to a decline in the fiscal deficit and government debt. Inflation is expected to remain higher for longer, reflecting elevated global food and commodity prices. The NBG has increased its policy rate by 3 percentage points since March 2021.

Suggested Citation

  • International Monetary Fund, 2022. "Georgia: Request for a Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Georgia," IMF Staff Country Reports 2022/188, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2022/188
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=519907
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    government support; transparency policy; Georgia authorities; floating exchange rate regime; intention to increasethe room; Georgian authorities; Inflation; Loans; Credit; Fiscal risks; Global;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2022/188. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.