Financier Vasil Revishvili, told TV-program Analitics, that the Georgian government wants to restore the program with the International Monetary Fund [IMF] only for the purpose of political legitimacy and does not want to carry out reforms.
"They want a program with the [IMF], but only for political legitimacy. The content of the program itself is not in order and perhaps there is an attempt inside to prevent any reforms from being carried out. The monetary part of the [program] is less important, what is important for the country is that the Fund is a neutral arbitrator who correctly assesses the current economic situation. The second is reforms, including forcing the reform of state-owned enterprises. Every government has a struggle with the IMF over implementing reforms," Revishvili said.
In 2023, the IMF "delayed" the submission and approval of the second tranche of the Georgia support program to the Board of Directors. The Georgian government and the IMF agreed on the support program (Stand-by Arrangement) in April 2022. The three-year program provided for the allocation of 289 million USD - in the form of a loan. The first part of the tranche has already been utilized.
