IMF to Allocate $43.6 million Tranche to Georgia

IMF to Allocate $43.6 million Tranche to Georgia

The International Monetary Fund said on Monday it would allocate a further $43.6 million loan to Georgia because it had carried out structural reforms to support private sector development, improve fiscal performance and implement infrastructure projects, reuters reported.

The credit will be the third tranche under a three-year IMF programme totalling $285 million, bringing total disbursements to $130 million.

“Programme performance has been satisfactory, quantitative performance criteria for end-December were met, and the indicative target on current spending was only missed by a small margin,” Mercedes Vera Martin, the IMF mission head, said in a statement.

19.04.2018