IMF allocates $285 mln to Georgia

Thu 13 April 2017 06:52 GMT | 10:52 Local Time

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The International Monetary Fund (IMF) approved $285.3 mln allocation to Georgia.

Report informs referring to RIA Novosti that this amount has been provided to government to support economic reforms within 3-year program.

IMF says that the mentioned program will enable to reduce economic sensitivity in Georgia, to implement well-coordinated economic measures and to achieve economic growth.

Besides, program focuses on implementation of ambitious structural reforms: “The reforms envisage improvement of education, more efficient state management, infrastructure investments and improvement of business climate”. 

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