In Brief

IMF Sees Georgian Economic Outlook as Positive

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Dimitri Kumsiashvili, first deputy prime minister of Georgia and minister of the economy and sustainable development, met a delegation from the International Monetary Fund (IMF) on February 7 to discuss the country’s macro-economic trends.

The head of the IMF mission, Vera Mercedes Martin, declared after the meeting that her talk with Mr Kumsiashvili had focused on structural reforms, part of the Georgian government’s four-point reform agenda.

“We are happy that the current reforms are aimed at increasing inclusive economic growth, which will reflect on the welfare of every citizen of Georgia. We will send the information we have regarding economic development and growth to our head office, but in general the current state of economic development in the country is better than the forecasts made after the fund’s last visit,” said Mrs Martin. “Georgia is developing faster then expected,” she added.

The IMF visit is aimed at assessing existing economic development in Georgia. Within the framework of the visit, representatives of the fund will meet with both the public and private sectors.