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Another WMF mission finished work in Georgia

2010-02-11 13:04

Another mission of the World Monetary Fund completed its work in Georgia. The mission has been staying in the country since January 26th, for preparation of the 5th review of Stand-By Arragement, program.

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According to the Georgian representative office of the WMF, on February 12th Edard gardner, the permanent representative of the Fund to Georgia, the head of the mission, will hold a press conference to present the results of the work done - Business-Gruzia.

Members of the mission met with representatives of the government, PM, negotiated in the National Bank and the Ministry of Finance.

In August 2009 the council of the WMF increased the aid for Georgia [SDR 477.1 mln], by SDR 270 mln in the framework of Stand-By Arrangement program. This year Georgia must receive USD 400 mln from the WMF.

 

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