AGREEMENT REACHED WITH IMF MISSION ON INCREASE OF SUPPORTING PROGRAM VOLUME

On April 1-13, IMF mission, led by Mercedes Vera Martin, held negotiations with Georgian authorities on completion of the Sixth Review of the program, implemented in Georgia with support of the Fund’s Extended Fund Facility and on augmentation of the program volume.

As IMF reported, the mission recommends to increase support to Georgia by 130% of the country’s quota (by about $375 million).