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IMF planning to allocate a 100-million-dollar tranche to Georgia

2011-04-28 18:33

The new project is currently discussed by Georgian authorities and representatives of the International Monetary Fund. As was reported by GHN, this was stated today by IMF Spokesman in Georgia Edward Gardner.


According to him, the parties are presently discussing the technical details of the project. "That's a precondition for the Georgian government to make an application with IMF on the start of a new program", - Gardner underlined.

He added that the point at issue was the possibility of allocating a tranche of about 110 million dollars for two years. In his opinion, such help should encourage the economic stability and reduction of the fiscal deficit in the country.

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