Georgia will Overcome Economic Crisis jointly with other Countries of the Region, says IMF Resident Representative
The economic crisis in Georgia will not end early compared to other countries of the Region, Edward Gardner, the resident representative of International Momentary Fund (IMF) in Georgia, said.
The crisis emerged earlier in Georgia because of the Georgia-Russia hostilities. The current situation in Georgia is similar to other countries of the Region, Gardner says.
Economic growth rate has slumped because of decrease in private capital inflows, transactions and exports, he noted.
“The economic policy the Government of Georgia has carried out has led Georgia to better situation and this will help the country be one of the firsts in overcoming the global economic crisis”, Gardner said.