Georgia to get about 30 million from IMF

The mission of the International Monetary Fund and the Georgian authorities have reached an agreement on completing the fourth review of the programme ongoing in Georgia. In the agreement is approved, Georgia will get SDR 30 million. The relevant announcement has been made in the administration of the government.

As Koba Gvenetadze, President of the National Bank, stated at the briefing, the Georgian state programme being implemented with the support of the International Monetary Fund is successful.

"The National Bank met all the criteria envisaged by the programme. We still have positive trends in macroeconomic indicators, which once again emphasizes the macroeconomic policy. Gross domestic product is steadily rising and the price stability is also ensured. The positive dynamics of the foreign sector is also worth mentioning.

According to the International Monetary Fund, the monetary policy of the National Bank is adequate," said the President of the National Bank.

Koba Gvenetadze also talked about the exchange rate of the national currency, noting that the reserves still need to be filled.

"The mission of the International Monetary Fund once again emphasized the importance of the fluctuating exchange rate, especially in the presence of foreign risks. It is the main precondition for Georgia for maintaining the competitiveness of the country's economy”, Gvenetadze said.