Georgia [electronic resource] : Request for Three-Year Arrangement Under Poverty Reduction and Growth Facility-Staff Paper; Staff Supplement and Statement; and Press Release on the Executive Board Discussion.

International Monetary Fund
Washington, D.C. : International Monetary Fund, 2001.
Government document
1 online resource (76 p.)
IMF eLibrary
IMF Staff Country Reports; Country Report No. 01/109.
IMF Staff Country Reports; Country Report No. 01/109

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Georgia. (search)
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.
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