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IMF mission on the way to Georgia

2009-07-07 14:43

Today the IMF mission is arriving in Georgia on a two-day visit. The issue of the IMF's budgetary aid to Georgia will be discussed at the negotiations for the first time, VZGLYAD reports.

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Amounts the IMF allocated earlier were used for replenishment of foreign currency reserves only. It will be defined at the meetings what specific help the IMF can provide for Georgia's budget.

According to the experts' forecasts by autumn Georgia's budget will be in serious trouble. After the August war the IMF set aside USD 725 mln to replenish Georgia's foreign currency reserves. USD 439 mln have already been transferred in two tranches.

 

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