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IMF foretelling problems for Georgian economy

2011-02-25 12:57

The visit of the International Monetary Fund mission to Georgia is over. It resulted in a number of IMF's recommendations to the government of the country, - Novosti Georgia reports. 

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IMF experts believe that the hopes for resuming the pre-crisis investment flow are unjustified.

"External environment remains changeable and the expected resumption of the foreign investments flow seems to be more and more doubtful", - the report goes.

At the same time, IMF reminds that the nearest years will bring significant payments required to service the country's state debt.

"In 2012-2014, the government and National Bank will face the necessity of serving large external obligations (including IMF); they will reach their maximum in 2013 when the country will have to pay over 1 bln dollars (8% to GDP)", - IMF underlines.

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