Georgia : third review under the stand-by arrangement and requests for augmentation, extension of the arrangement, rephasing of purchases, and modification of performance criteria : staff report : press release on the Executive Board discussion : and statement by the Executive Director for Georgia /
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| Imprint: | [Washington, D.C.] : International Monetary Fund, ©2009. |
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| Description: | 1 online resource : illustrations (some color) |
| Language: | English |
| Series: | IMF country report ; no. 09/267 IMF country report ; no. 09/267. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12495147 |
| Summary: | This paper discusses key findings of the Third Review under the Stand-By Arrangement for Georgia. With monetary policy impaired by high dollarization, the authorities' response to the downturn relies mostly on fiscal stimulus. The reduction of policy interest rates and ample liquidity injections have not led to a resumption of bank lending, owing to balance sheet weaknesses and higher credit risk. The authorities have thus decided to accommodate tax revenue losses in a higher deficit in 2009. The authorities have requested an augmentation of access and an extension of the arrangement through mid-2011. |
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| Item Description: | "August 2009." Cover title. |
| Physical Description: | 1 online resource : illustrations (some color) |
| ISBN: | 9781451814705 1451814704 |