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IMF foretelling problems for Georgian economy2011-02-25 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.gt-en-newsitem-inside
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.