| Description |
1 online resource : illustrations (some color) |
| Series |
IMF country report ; no. 11/87 |
|
IMF country report ; no. 11/87.
|
| 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 |
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4. Staff Suggestions on a Possible Escape Clause to the Referendum Requirement for Tax IncreasesD. Preventing the Emergence of New Private Sector Imbalances; E. Relations with the Fund; III. Staff Appraisal; Tables; 1. Selected Macroeconomic Indicators, 2008-16; 2. Annual General Government Operations, 2009-16; 3. Summary Balance of Payments, 2008-16; 4. Accounts of the National Bank of Georgia, 2009-16; 5. Monetary Survey, 2009-16 ; 6. Selected Monetary and Financial Soundness Indicators, 2008-11; 7. External Vulnerability Indicators, 2008-16 |
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8. External Financing Requirements and Sources, 2008-169. External Debt Sustainability Framework, 2006-16; 10. Public Sector Debt Sustainability Framework, 2006-16; 3. External Debt Sustainability: Bound Tests; 4. Public Debt Sustainability: Bound Tests; Contents; I. Relations with the Fund; II. Relations with the World Bank; III. Relations with the EBRD; Contents; I. Introduction; II. Macroeconomic and Structural Developments Since 2004; A. Macroeconomic Developments: From Fast Growth to Recession; Boxes; 1. Exchange Rate Flexibility |
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B. Structural Reforms: From a Transition to a Market-Based Economy2. Significant Progress Has Been Made in Fighting Corruption; III. Assessment of Recent Fund Involvement; A. The 2004-07 PRGF-Program Objectives, Design, and Performance; B. The 2008-11 SBA-Program Objectives, Design, and Performance; IV. Challenges and Risks Ahead and Future Fund Engagement; Appendixes; I. Status of Key Recommendations from the 2003 Ex Post Assessment; II. Structural Reforms During 2004-10; Annex; I. The Authorities' Reaction |
| Summary |
1. The government moved forcefully to counter the economic impact of the August 2008 conflict with Russia and global financial crisis (Figures 1 and 2). Access to a large package of international financial support, combined with Georgia's relatively low public debt at the outset of the crisis, allowed the government to put in place a strong countercyclical fiscal policy response-the total fiscal stimulus injected into the economy in 2008 and in 2009 was equivalent to nearly 10 percent of GDP |
| Notes |
"April 2011." |
|
Online resource; title from PDF title page (IMF, viewed January 15, 2014) |
| Subject |
International Monetary Fund -- Georgia
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Economic development -- Georgia
|
|
Economic indicators -- Georgia
|
|
Economic development
|
|
Economic indicators
|
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Economic policy
|
| SUBJECT |
Georgia -- Economic policy
|
| Subject |
Georgia
|
| Form |
Electronic book
|
| Author |
International Monetary Fund, issuing body.
|
| ISBN |
1283567318 |
|
9781283567312 |
|
9781462356621 |
|
1462356621 |
|
