20220922-IMF-Georgia_Technical_Assistance_Report-Residential_Property_Price_Index_Mission_10页_374kb

Summary

The mission assessed various policy areas, including economic performance, fiscal multipliers, monetary policies, external balance, and public sector risk management. It identified challenges such as high fiscal multipliers, significant exchange rate depreciation, and vulnerabilities in the banking system. Recommendations included improving fiscal policy, addressing exchange rate volatility, enhancing foreign reserves management, and strengthening financial regulation. Task Assignment was to secure explicit consent from the TA recipient and collaborate with the IMF's Statistics Department for data accuracy. Overall, the mission highlighted the need for policy reforms and cautious fiscal management.

Detailed Findings

• Economic indicators showed signs of strain.
• Fiscal risks were a major concern, with high multipliers.
• External imbalances required adjustment.
• Banking sector vulnerabilities noted, with recommendations for strengthening regulation.
• Need for coordinated action to stabilize the economy and improve governance.