IMF Staff Country Reports

Georgia : Selected Issues

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

June 28, 2018

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper assesses macroeconomic and structural reforms in Georgia. The government’s reform package includes fiscal policy within a declining deficit path that intends to incentivize private investment, scaled-up public investment, improvement in government efficiency, and education reform. Based on modeling analysis, the implementation of this package will provide significant benefits to the economy. Over the long term, real GDP is estimated to be about 5 percent higher than in the baseline and—on a path toward the new equilibrium—annual growth about 0.7 percentage point higher over the medium term. The education reform will have sizable effects, but they will be evident only over the long term.

Series:

Country Report No. 18/199

Subject:

Education policy Export diversification Fiscal reforms Labor market reforms Labor markets Monetary policy Poverty and inequality Selected issues