European Parliament Library

Georgia :, Fourth Review Under the Stand-By Arrangement and Request for Modification of Performance Criterion

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement for Georgia. The strategy remains appropriate, and program targets for 2010 are in line with those presented at the Third Review. Fiscal policy will transition from an expansionary stance in 2009 to a path of strong consolidation, with a reduction in the deficit of 2¼ percent of GDP in 2010. Despite sizable adjustment, an external financing gap of roughly US$400 million remains in 2010, mostly because of the slow recovery of private capital inflows
Table Of Contents
""Cover""; ""Contents""; ""Executive Summary""; ""I. Recent Economic Developments and Outlook for the Remainder of 2009""; ""II. 2010 Outlook, Program Objectives, and Targets""; ""A. Macroeconomic Outlook and Risks""; ""B. Fiscal Policy""; ""C. Monetary Policy""; ""D. Exchange Rate Policy""; ""E. The Banking Sector""; ""III. Program Issues""; ""IV. Staff Appraisal""; ""Boxes""; ""1. Fiscal Impulse and Discretionary Fiscal Stance in 2007�10""; ""2. The Economic Freedom, Opportunity, and Dignity Act""; ""Figures""; ""1. Real Sector Developments""; ""2. Exchange Rate Developments""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (82 p.)
Specific Material Designation
Form Of Item

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