IMF approves $280 million Stand-By Arrangement for Georgia

12:19, 16.06.2022

The Executive Board of the International Monetary Fund (IMF) approved a $280 million Stand-By Arrangement for Georgia, which provides support for economic policies over the next three years.

The Stand-By Arrangement is an insurance mechanism for the country’s economy, a buffer amount of money which will be used in case of need, the Ministry of Finance reports.

The program focuses on rebuilding fiscal buffers, strengthening fiscal frameworks, reducing external vulnerabilities and inflation, maintaining financial sector resilience, and fostering stronger and more inclusive growth.

By - Tamar Tabatadze

Economics

IMF

Stand-By Arrangement