Georgia : Request for Stand-By Arrangement; Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia.

This paper examines Georgia's request for an 18-month arrangement for SDR 477.1 million, equivalent to about USD 750 million, which would constitute exceptional access. IMF support to the government's macroeconomic policies is intended to provide the needed financing to rebuild gross inter...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Staff Country Reports; Country Report ; No. 2008/328
Online Access:Full text available on IMF
Description
Summary:This paper examines Georgia's request for an 18-month arrangement for SDR 477.1 million, equivalent to about USD 750 million, which would constitute exceptional access. IMF support to the government's macroeconomic policies is intended to provide the needed financing to rebuild gross international reserves, and to help restore investor confidence. Monetary policy has to tackle the dilemma of providing sufficient liquidity to the banking system while stabilizing the exchange rate and avoiding an excessive loss of international reserves.
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Physical Description:1 online resource (116 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students