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Georgia :, First and Second Reviews Under the Stand-By Arrangement and Under the Standby Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia

The new government is committed to prudent macroeconomic policies and to enhancing Georgia’s business-friendly environment. Large external liabilities plus its high current account deficit remain the main sources of vulnerability, and reducing these in an orderly manner is a key macroeconomic challenge. Greater exchange rate flexibility should help align its monetary policy and exchange rate decisions more closely with its inflation. Maintaining central bank independence and increasing monetary policy transparency are welcomed by the Executive Directors. The impressive structural agenda aims at improving the business environment and at boosting competitiveness
Table Of Contents
Cover; Contents; INTRODUCTION; RECENT DEVELOPMENTS; FIGURES; 1. Real Sector Developments, 2008-12; 2. Money and Inflation, 2010-12; 3. Current Account, 2008-12; 4. Financing of the Current Account Deficit, 2008-12; 5. Monetary and Banking Sector, 2008-12; 6. Current Account and International Investment Position, 2008-12; POLICY DISCUSSIONS; A. Macroeconomic Framework; B. Fiscal Policy; 7. General Government Spending, 2012; C. Monetary and Exchange Rate Policies; D. Financial Sector Policies; E. Structural Reforms to Boost Growth and Reduce Poverty; PROGRAM ISSUES; RISKS; STAFF APPRAISAL
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (83 p.)
Specific Material Designation
Form Of Item

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