IMF approves USD 280 million stand-by arrangement for Georgia

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19 May 2024, 07:55

17 May

22:00
EBRD, USAID sign memorandum on development of Middle Corridor through Georgia

19:01
According to Saakashvili, part of the text of the Georgian national anthem was written by him

18:45
I offer the young people participating in protests to select 10 representatives with whom I will hold a public discussion around the Bill on Transparency - Kobakhidze

17:10
All developed countries would kick them out of the country - Kaladze on arrival of EU foreign ministers at the rally
17:08
Zelensky signs law allowing some convicts to serve in military

17:07
Do you see how much of a problem it is when a person is too lazy to read and write, they have just discovered something that took place 2 weeks ago - Papuashvili on “secretly added articles”

15:19
Daryl Scholtz had not been detained, nor was he transferred to a temporary detention facility - MIA

15:15
As representative of Government, I can promise you that we will do everything to protect our values and the national interests of the country - Kobakhidze
15:14
“Law on Transparency” is a matter of Georgia’s internal policy, China doesn’t interfere in internal politics of other countries - Ambassador of China to Georgia

14:43
Information about the renewal of Unistream transfers from Russia to Georgia is not true

14:07
Procession starts from Kashueti Cathedral to Holy Trinity Cathedral in connection with the Day of Family Purity

13:00
Prime Minister, Speaker of the Parliament, Tbilisi Mayor, Cabinet members participate in Day of Family Purity event
12:05
Republicans in US House pass bill pushing Biden to send weapons to Israel

12:01
Congratulations, Geert! Looking forward to working with you on making Europe safer and stronger – Viktor Orban

10:03
Procession related to the Day of Family Purity and Respect for Parents started in Rustavi

09:18
Georgia participates in the 77th Cannes International Film Festival in France
09:16
Sanctity of the family is the foundation of our state, therefore it is Government’s duty to protect it, together with the Church, as a preserver of Georgian identity - Papuashvili

08:09
When country becomes a member of EU, it gives up a significant part of its sovereignty, but when a minister of a particular country makes this statement at a rally of political minorities, it is disturbing – Kobakhidze

07:56
Irakli Kobakhidze’s official visit to the Republic of Turkey concludes

07:53
March to be held in Tbilisi, regions in connection with the Day of Family Purity and Respect for Parents
16 May

22:26
During the first call, I confirmed with Charles Michel our willingness for consultations - Kobakhidze

21:35
People gathered near the Parliament to protest against the adopted Law on Transparency

21:31
When country becomes a member of EU, it gives up a significant part of its sovereignty, but when a minister of a particular country makes this statement at a rally of political minorities, it is disturbing - Kobakhidze

21:30
EU Foreign Ministers’ presence at rally negatively affects these very nations, EU’s image - Prime Minster
19:52
Georgia and Turkey sign Energy Cooperation Memorandum

19:46
Turkey is the number one trade partner for Georgia and we discussed with President Erdogan how the partnership can be further deepened - Kobakhidze

17:28
Irakli Garibashvili meets the French Ambassador to Georgia

17:21
National Bank of Georgia intervened with a USD 60 million to stabilize currency market
17:05
Foreign Ministers of the EU start their speech from the Rustaveli tribune by mentioning the Rose Revolution - Saakashvili

15:23
Shalva Papuashvili meets with representatives of different religious organizations

15:17
The Prime Minister of Georgia arrived in Ankara, Turkey

15:00
Being a member of EU means that you participate in common decisions, although giving up a part of sovereignty does not mean surrendering at all - Papuashvili
12:50
Russian forces occupy streets in Vovchansk amid ongoing battles - Ukrainian DM

12:43
If someone wants to, the government should be changed through elections. This will not be decided by external forces, but by His Excellency the people of Georgia - Kaladze

12:40
Irakli Kobakhidze went on an official visit to Turkey

12:09
A family based on traditions and values means a strong Georgia - Kakha Kaladze
11:44
119th IPRM meeting is underway in Ergneti

11:34
Ministry of Internal Affairs arrested 2 persons for property damage committed in group

11:16
Putin arrives in China on mission to deepen partnership with Xi

10:42
May 17, 2024 declared a holiday in connection with the Day of Family Purity and Respect for Parents
10:20
Participation of foreign politicians in the anti-government protest is a symptom of the fact that Russian government has transferred part of its worldview to its fiercest opponents, especially in the Baltic countries - Papuashvili

10:01
Slovakian leader is in stable but serious condition after assassination attempt, hospital says

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IMF approves USD 280 million stand-by arrangement for Georgia

16-06-2022 14:17

The Executive Board of the International Monetary Fund (IMF) today approved a USD 280 million (100% of quota and SDR 210.4 million) Stand-By Arrangement for Georgia which provides support for the authorities’ economic policies over the next three years.

The Board’s decision makes about USD 40 million (SDR 30 million or 14.3% of Georgia’s quota) immediately available. The Georgian authorities intend to treat the new arrangement as precautionary.

The authorities’ IMF-supported program seeks to further entrench macroeconomic stability, build resilience, and strengthen medium-term growth as the country emerges from the COVID-19 pandemic and contends with spillovers from the war in Ukraine.

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