The FINANCIAL — An International Monetary Fund (IMF) staff team led by Mercedes Vera Martin conducted virtual discussions from October 5 to November 9, 2020, on the Seventh Review under the Extended Fund Facility (EFF) arrangement. At the conclusion of the mission,
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In the past several months the world has been rocked by profound economic and social turbulence. The COVID-19 epidemic has forced many countries around the world into widespread emergency lockdowns. Economic activity plunged dramatically in February-March 2020, with rapid indicators showing strong
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Statement of National Bank of Georgia: With the intention to reduce the negative effects caused by coronavirus (COVID-19) pandemic and promote Georgian economy, the National Bank of Georgia has developed a temporary supervisory plan, which is in full compliance with
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The FINANCIAL -- "The economic shock caused by the coronavirus and the expectations of the future development of pandemic and its impact on the Georgian economy have been reflected on increased volatility of the foreign exchange market during the recent days," National
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The NBG, during today’s extraordinary Monetary Policy Committee meeting raised the policy rate by 50 basis points to 7.5%.
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