This paper reviews economic developments in Georgia during 1990–96. Following the implementation of tight financial policies and the liberalization of prices, trade, and the exchange system, growth resumed in 1995 and accelerated in 1996, against the background of a stable exchange rate and...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

This paper describes economic developments in the Republic of Georgia during 1995. The paper highlights that in 1995, the economy of Georgia continues to face severe bottlenecks, especially arising from energy shortages. However, there are signs of increased confidence and a recovery in the...

This Recent Economic Developments and Selected Issues paper on Georgia highlights that during 1997, the Georgian economy grew by 11 percent according to official estimates, while the average annual inflation rate continued its downward path initiated in 1995 and reached single-digit levels of...