IMF backs Georgia's economic strategy
The International Monetary Fund (IMF) supports Georgia's economic strategy, Georgian Finance Minister Nodar Khaduri said after the meeting with IMF delegation.
"The IMF supports the government's plan, which gives us even more hope that next year Georgia will reach all planned macroeconomic indicators, of which we have spoken, as well as those which the draft budget 2014 based on. We assume that the monthly growth of Georgia's economy will reach seven percent. Unfortunately, we can not achieve economic growth of six percent per year, but the autumn and the first month of winter give us some hope," he said.
The IMF mission,in turn, noted that under conditions of political stability and improvement of the business environment, economic growth in Georgia may reach five percentin 2014.
"In 2013, economic growth in Georgia was 2.5 percent. In the future, we expect five percent growth, and this requires a stable political situation and improving the business environment," Head of IMF mission Mark Griffiths stressed.
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