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Georgia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

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  • International Monetary Fund

Abstract

The centerpiece of the program is fiscal consolidation, to put Georgia on a path to fiscal sustainability, establish the ability of the government to meet its commitments, and underpin efforts to resolve the large external debt burden. Expenditure restraint should be complemented by reforms to increase fiscal transparency and strengthen expenditure monitoring and control. Maintaining low inflation and a stable exchange rate is required. Combating corruption and improving governance will be the key to attracting the investment needed to ensure strong, sustainable growth and poverty reduction.

Suggested Citation

  • International Monetary Fund, 2001. "Georgia: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility," IMF Staff Country Reports 2001/109, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/109
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    Cited by:

    1. Mai, Nhat Chi, 2016. "Monetary policies and the macroeconomic performance of Vietnam," OSF Preprints akzy4, Center for Open Science.

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