International Monetary Fund suggests that Georgia’s economic growth will be 4.6 percent this year. IMF staff concludes staff visits to Georgia.

“Growth is projected at 4.6 percent in 2019. Significant infrastructure investment (including from large disbursements that took place at the end of 2018) is expected to compensate for weaker external demand and slower credit growth. Scaling up infrastructure expenditure will need to be accompanied by improved project selection and management. The current account deficit is projected at around 8 percent of GDP, owing to still-robust growth in exports and remittances. Risks to the outlook are mainly on the downside, including weaker trading partner growth, global trade tensions, and a sharper-than-projected credit slowdown. This calls for continued prudent macroeconomic policies, exchange rate flexibility, and buildup of reserves”, – the head of the mission Mercedes Vera-Martin issued this statement.

An International Monetary Fund (IMF) team, led by Mercedes Vera-Martin, visited Tbilisi during February 20-26, 2019 to discuss recent economic and financial developments and progress with structural reforms. At the end of the visit, Ms.