Georgia : 2018 Article IV Flashcards
(20 cards)
Current Account deficit improvement (3)
Exports; Remittances; Tourism
Financial Inflows are driven by
Direct Investment
Direct Investment is most in the (1) and (2) sectors
Manufacturing and Finance
Reserve Adequacy projection
3
Since 2017, currency was
appreciating
Real GDP growth in 2017-2018 was driven by
Trading partner growth
Net IIP has … driven by
deteriorated, FDI
Georgia is a net oil …
importer
External Debt:GDP
~85%
External public debt is (1) and (2)
Long dated, Cheap
External debt is mostly … sector
Private
Government Debt:GDP
~45%
Fiscal Needs are volatile or stable?
Stable
Fiscal balance improvement owed to
increased revenues
Public investment continues because of
increased capital spending
High profitability in the financial sector is owed to
reduced NPLs and watch loans
Financial sector is highly…
concentrated
Banks are (1) and (2)
Liquid and Well Capitalised
Since 2017, Georgia has … dollarization
reduced
Dollarization trend is owed to …
increased credit