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Georgia :, Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

This paper examines Georgia’s request for an 18-month arrangement for SDR 477.1 million, equivalent to about US$750 million, which would constitute exceptional access. IMF support to the government’s macroeconomic policies is intended to provide the needed financing to rebuild gross international reserves, and to help restore investor confidence. Monetary policy has to tackle the dilemma of providing sufficient liquidity to the banking system while stabilizing the exchange rate and avoiding an excessive loss of international reserves
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Background; A. Political Developments; B. Recent Economic Developments; C. Macroeconomic and Financial Sector Policies Before the Conflict; III. Initial Consequences of the Conflict; Text Tables; 1. Prudential Indicators of Commercial Banks, 2004-08; IV. The Program; Boxes; 1. Actions to Address the Temporary Liquidity Needs; A. Macroeconomic Framework; 2. Balance of Payments Indicators, 2008-09; 2. Sources of the Balance of Payments Gap; 3. Macroeconomic Framework, 2007-10; V. Program Discussions; A. Entrenching Macroeconomic Stability
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (118 p.)
Specific Material Designation
Form Of Item

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