The Fund said its executive board had approved increased extra financing for Georgia to about $448 million.
“The pandemic is expected to have a significant impact on Georgia’s economy, interrupting the positive economic trajectory of past years,” the IMF said in a statement. “The IMF financial support will make a substantial contribution toward fulfilling the needed increases in health spending and social safety nets.”
The IMF said last month it expected Georgia’s gross domestic product to decline by 4% in 2020. But it sees a recovery in growth at 4% in 2021, supported by an end to containment measures and pickup in trading partners’ growth, Selim Cakir, the fund’s resident representative in Georgia, told Reuters.
The South Caucasus country of 3.7 million had reported 582 coronavirus cases as of Saturday and eight deaths.
Georgia’s de-factor ruler -Ivanishvili, spends that amount of money on a trip to Paris every time. So what’s this money for I wonder. Did Ivanishvili go bankrupt or something? Why can’t he invest in his own country?
IMF BUYS A NEW SLAVE
Such is the state of education in the US not to know that IMF is the International Monetary Fund that was created in 1945. It is Global World Economy centered.
To a state which is being hasty in lifting restrictions? Nothing like a printing press.
and new York-California etc not a dime ? the politics of trump and his mobster side-kick Jared are seeinmg how much they can steal---bet it gets into the 10s of billions
Georgia is fuck up now!! They never hade take that money
Peanuts
Screw them , they made the decision to open.
Why? 700club cbngordon randpaul realDonaldTrump kennedynation foxnews sandrasmithfox dbongino marklevinshow rushlimbaugh danarohrabacher jaysekulow judgenap tedcruz
All these people walking around spraying useless stuff on everything. Save it. It ain't working.
Georgia is in the US- OH, THAT Georgia!
Because Georgia allowed the US to build a bioweapon lab in Tbilisi, Georgia?
They are going to have a HUGE number of cases now that they decided to just say fuck it. Guess they can be our case study.
IMF = Impossible Mission Force
. That's great news.
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