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KEY ISSUES Growth has continued to recover from the 2011/12 low. In an environment of declining inflation—recently halted by a drought-driven food price shock—the fiscal stimulus has been successful in driving economic activity, and a planned program of infrastructure investment is expected...
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Georgia. All quantitative performance criteria (PCs) for end-December 2004 were met, but the indicative target on reserve …
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The government of Georgia moved forcefully to counter the economic impact of the August 2008 conflict with Russia and …
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During the twin crises of 2008–09 Georgia’s foreign exchange reserves have been exposed to a number of external and … estimated 5 percent of GDP in 2010. Georgia was able to limit the impact of these drains on its international reserves …
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