European Parliament Library

Georgia :, 2011 Article IV Consultation-Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Georgia

The government of Georgia moved forcefully to counter the economic impact of the August 2008 conflict with Russia and global financial crisis. Monetary and prudential policy easing was, however, unable to prevent a sharp credit squeeze. The economy is recovering at a solid pace, with real GDP growth expected to exceed 6 percent in 2010. To reduce exposure to changes in external market conditions, the authorities could rely more on domestic financing. Macroeconomic policies were generally aligned with previous IMF recommendations
Table Of Contents
Cover; Contents; Executive Summary; I. The Policy Response to the Twin Crises and Recent Developments; Figures; 1. Direct Impact of the Crisis; 2. Policy Response and Outcome; II. Strengthening the Exit Strategy and the Foundations for Sustained Growth; Boxes; 1. Medium-term Scenario: Assumptions and Underlying Policies; A. Sustaining Growth and a Viable External Position; 2. Alternative Financing Scenario; B. Restoring a Sound Fiscal Position; 3. Social Programs in Georgia; C. Maintaining Price Stability
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (74 p.)
Specific Material Designation
Form Of Item

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