(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 5. As the pandemic's
impact has decreased, Georgia's fiscal policy is moving towards the
repair of the fiscal metrics, Trend reports citing the Moody's Investor Service.
Georgia's fiscal policy is aimed to improve the country's fiscal
metrics including a lower deficit consistent with its fiscal rule,
rebuilding the capacity of fiscal policy to respond to future
shocks, as well as supporting long-term development priorities
including infrastructure development and improved education
outcomes, with the reference to the Moody's.
Moreover, Georgia continues to attract support from
international financial institutions as well as the private sector.
The latter was confirmed by the over-subscribed $500 million Euro
bond issuance in 2021. It is unlikely that funding would be an
issue even in the case of military conflict.
The IMF announced recently the establishment of a staff-level
agreement with the Georgian authorities on a three-year Stand-by
Arrangement (SBA).
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