Georgia is not planning to launch negotiations on a new program with the International Monetary Fund (IMF), as there is currently no need for one, Deputy Finance Minister Giorgi Kakauridze told BMG.
Kakauridze said the economy remains stable despite Georgia having had no active IMF program for the past four years. He pointed to strong investor confidence, noting that demand for this year’s Eurobond issuance was five times the amount offered, while demand from non-resident investors for lari-denominated securities in June was twice the issued volume.
During the IMF and World Bank annual meetings in Bangkok, Georgia’s delegation plans to discuss economic forecasts and review macroeconomic and fiscal indicators for the coming years, Kakauridze said.
Georgia’s previous $280 million IMF program was suspended in 2023 and ended without a review, amid concerns over amendments to the National Bank law and the institution’s independence.
