news  articles  all
rus на русском ქართულად
Friday, 28 October 2016


International Monetary Fund: Georgian economy runs risks of collapse

2009-03-30 10:28

According to the statement of the IMF, Georgian economy faces a significant risk of collapse. The statement authors recommend Georgian authorities to be ready for adaptation of economic policy - Interfax.


"The combined shocks to the current and capital accounts are likely to be larger and more prolonged than originally expected, increasing the external adjustment challenge and diminishing near-term growth prospects," the Tbilisi office of the IMF stated.

"Directors supported the authorities' plans to contain the economic slowdown through a donor-financed fiscal stimulus and a reorientation of expenditures. The authorities have reduced the targeted 2009 fiscal deficit in line with a downward revision in expected official external financing, and have switched expenditure from imported defense goods toward essential productivity-enhancing infrastructure investment and better targeted social spending. Directors welcomed the planned expenditure management reforms," the statement claimed.


Code for blog
Add: Magnolia Livejournal Reddit Google
Permanent link :
Rambler's Top100
Select spelling error with mouse and press Ctrl+Enters
Система Orphus