IMF praises steps of Georgian gov’t to support citizens, private sector amid pandemic
The IMF is allocating financial support for Georgia in the framework of the Extended Fund Facility (EFF) programme to minimize the coronavirus’ impact on the Georgian economy. Photo: Nino Alavidze/Agenda.ge.
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The International Monetary Fund (IMF) has praised the steps of the Georgian government to support its citizens and the private sector amid the coronavirus pandemic.
The mission Chief for Georgia at the International Monetary Fund (IMF) Mercedes Vera-Martin said that the time needed for economic recovery can vary in different countries based on the effectiveness of measures in combat with the new coronavirus.
She noted that the steps taken by the Georgian government have been successful.
The IMF is allocating financial support for Georgia in the framework of the Extended Fund Facility (EFF) programme to minimize the coronavirus’ impact on the Georgian economy.
Georgian Prime Minister Giorgi Gakharia said that the government has already been working on a post-crisis plan, which has two main priorities – health of the citizens and economic development.
He noted that Georgia hopes its economy will be supported by its international partners and donor organisations amid the coronavirus pandemic.
The International Monetary Fund (IMF) is working with the Georgian authorities to provide 'additional financing' to contain the spread of the coronavirus and support the Georgian people and economy, announced the Mission Chief for Georgia at the International Monetary Fund (IMF) Mercedes Vera-Martin in a statement published on March 30.
The United States Government is providing $1.1 million assistance to Georgia in response to the COVID-19 pandemic. This will help prepare laboratory systems, activate case-finding and event-based surveillance, support technical experts for response and preparedness, bolster risk communication and more
The World Bank is offering €45 million to support Georgia implement ongoing reforms in areas critical for inclusive economic growth and also assist in the country’s efforts to mitigate the economic impact of the COVID-19 pandemic.
The International Monetary Fund (IMF) is committed to providing support to Georgia under the challenging and uncertain circumstances due to the coronavirus, said IMF Resident Representative in Georgia Selim Cakir.
Economic growth in Georgia is projected to reach 3 per cent in 2021, while it will be reduced by 4 per cent in 2020, says the International Monetary Fund (IMF) in its World Economic Outlook. It says that the COVID-19 pandemic is inflicting high and rising human costs worldwide and the necessary protection measures are severely impacting economic activity.
The International Monetary Fund (IMF) is offering $450 million to help Georgia contain the COVID-19 pandemic and limit its economic impact, announces the IMF. The IMF reached an agreement with the Georgian authorities for the completion of the Sixth Review and an augmentation of access under the Extended Fund Facility.
The European Union, Asian Development Bank, the European Bank for Reconstruction and Development, European Investment Bank, German Development Fund, French Development Agency will support the Georgian economy with $1.5 billion by the end of 2020, announced Georgian Prime Minister Giorgi Gakharia today.