MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Minister of Economy and Sustainable Development of Georgia, Giorgi Kobulia held a meeting with the Resident Representative of the International Monetary Fund in Georgia, Francois Painchaud.

On-going program under the IMF’s Extended Financing Facility (EFF) as well as the current economic trends and scheduled reforms were the main topics of the conversation. It was noted that the program is of outmost importance for Georgia, since it is based on the agenda of the Georgian Government and facilitates the achievement of the country’s strategic goals.

The Law on Accumulative Pension recently approved by the Parliament of Georgia also became the issue of the conversation and it was highlighted that the Law is an important step towards the improving of the existing social system. The parties also discussed other important reforms aimed at the inclusive growth of the country’s economy. 

International Monetary Fund representative emphasized all commitment and fulfillment of quantitative and structural criteria under the IMF program. The Resident Representative of the International Monetary Fund stressed on the successful implementation of all the obligations as well as the numerical and structural criteria by Georgia.

Parties to the conversation confirmed readiness to continue productive cooperation between Georgia and the IMF in the future as well.

Deputy Minister of Economy and Sustainable Development, Ekaterine Mikabadze also attended the meeting.