The IMF allocated $285.3 million to Georgia for economic reforms
The International Monetary Fund (IMF) provided Georgia with $285.3 million in a three-year program aimed at supporting economic reforms, as stated in the fund's report.
“The EFF (Extended Fund Facility) supported program will help Georgia reduce economic vulnerabilities, pursue well-coordinated policies, and promote economic growth,” the IMF clarified.
According to the report, the program includes “ambitious structural reforms” aimed at improving education, investing in infrastructure, making the public administration more efficient, and improving the business environment to boost the private sector.
In 2014, the International Monetary Fund allocated $58.1 to Georgia. This amount became the second tranche within the three-year credit program. The total amount of payments is about $145.4 million.