Economic Press Monitor

IN THIS ISSUE:

Within 3-year program of IMF, Georgia will get loan of $154 million. As Tbilisi office of IMF says, the program aims support of macroeconomic policy, while part of sum will be directed to the government for the budget financing.

In the interview with the newspaper, chairman of Georgian Economic Development Center Roman Gotsiridze says: “During first 7 months of the year, there was very fragile balance on the currency exchange, as National Bank did not implement interventions”. During past 10 years, it was the first time, when National Bank of Georgia (NBG) could not manage to increase foreign reserves, he adds.

Newly appointed head of Tbilisi Development Fund Temur Khomeriki sees its first task in “respective bodies’ investigation of the Fund’s cash and property flow, so that competence of the Fund in each particular operation should be determined”.

“The second task is continuation, in parallel of respective monitoring, of those programs, which were implemented by the Fund”, Khomeriki declares in his interview with the newspaper.

MP from National Movement fraction Gigi Tsereteli considers that “definition of such a wide range of drugs, available by prescription only, was a little bit premature”. As he declared at the press briefing yesterday, “It was better, to turn to prescription system gradually”.