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Monday, 24 October 2016


IMF allocates Georgia USD 74.8 mln

2010-07-12 15:00

International Monetary Fund will allocate Georgia another tranche in amount of 50 SDR, [USD 74.8 mln] in the framework of Stand-by anti-crisis program - Georgia Times correspondent.


Decision was made past Saturday, at the sitting of IMF Board, when its members considered results of the 6th review of economic rates of Georgia in the framework of Stand-by program.

According to the Fund's press service, at the sitting drawbacks of anti-crisis program implementation were pointed out, in particular: non-observation of some criteria by the National Bank of Georgia.

The credit line in the framework of Stand-by for Georgia [USD 713.8 mln] was endorsed by the Board in September 2008. In August 2009 the sum was increased ad reached USD 1 117 700 000, the term extended to June 14th 2011.  

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