MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Minister of Economy and Sustainable Development, Mariam Kvrivishvili, held an introductory meeting with the International Monetary Funds (IMF) Resident Representative, Andrew Jewell.

The parties discussed the current cooperation between Georgia and the International Monetary Fund. The conversation covered economic indicators, existing forecasts, and also focused on the Georgian Government's plans regarding the support of economic growth and the implementation of structural reforms.

Special emphasis was placed on the progress of the State-Owned Enterprises (SOE) reform, which aims at improvement of corporate governance of state enterprises and  continuation of optimization process in order to allow the companies to save significant resources.

At the end of the meeting, the parties expressed their readiness to promote the further development of relations between Georgia and the International Monetary Fund.

It is noteworthy that the International Monetary Fund reviews the dynamics and progress of the Georgian economy in detail. In its latest assessment, the IMF increased its economic growth forecast for Georgia for 2025 from 6% to 7,2%, which is the highest rate not only in the region but also across Europe.

Deputy Minister Vakhtang Tsintsadze also attended the meeting.