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International Monetary Fund

: Accountability and Reform A. Current Situation B. Fiscal Implications and Risks C. International Experiences D. Next Steps References Figures IV.1 Number of LEPLs, 1999–2005 IV.2 Sources of Local Government Revenue, 2003–05 IV.3. Vertical Fiscal Imbalance, 2003–05 V. Is Georgia Competitive? A. Introduction B. Recent Trends in Key Competitiveness Indicators C. Further Considerations D. Policy Recommendations References Figures V.1. Real Effective Exchange Rates, 2001–05 V.2. Real Effective Exchange Rates for the Region, 1995

International Monetary Fund

IV. L egal E ntities of P ublic L aw in G eorgia : A ccountability and R eform A. Current Situation 76. This paper assesses the Georgian LEPL reform strategy, noting its strengths while highlighting certain risks in light of international experience . It then presents proposals for ways to mitigate those risks, consistent with the Georgian strategy and philosophy of fiscal decentralization. 77. The Rose Revolution in Georgia ushered in an economic team that revitalized the reform of Legal Entities of Public Law (LEPLs) . The authorities viewed

International Monetary Fund
This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia, comparing it with developments in its neighboring countries in the Caucasus, the seven poorest countries in the Commonwealth of Independent States (CIS-7), the Baltics, and central and eastern Europe. The paper also analyzes possible factors constraining financial intermediation in Georgia and in some of the CIS countries more generally.
International Monetary Fund

This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia, comparing it with developments in its neighboring countries in the Caucasus, the seven poorest countries in the Commonwealth of Independent States (CIS-7), the Baltics, and central and eastern Europe. The paper also analyzes possible factors constraining financial intermediation in Georgia and in some of the CIS countries more generally.

International Monetary Fund

This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia, comparing it with developments in its neighboring countries in the Caucasus, the seven poorest countries in the Commonwealth of Independent States (CIS-7), the Baltics, and central and eastern Europe. The paper also analyzes possible factors constraining financial intermediation in Georgia and in some of the CIS countries more generally.

International Monetary Fund

This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia, comparing it with developments in its neighboring countries in the Caucasus, the seven poorest countries in the Commonwealth of Independent States (CIS-7), the Baltics, and central and eastern Europe. The paper also analyzes possible factors constraining financial intermediation in Georgia and in some of the CIS countries more generally.

International Monetary Fund

This Selected Issues paper reviews the financial sector development in Georgia in recent years, and investigates why it has lagged behind economic development, as well as developments in more advanced transition economies. The paper briefly reviews recent financial sector development in Georgia, comparing it with developments in its neighboring countries in the Caucasus, the seven poorest countries in the Commonwealth of Independent States (CIS-7), the Baltics, and central and eastern Europe. The paper also analyzes possible factors constraining financial intermediation in Georgia and in some of the CIS countries more generally.

International Monetary Fund. Fiscal Affairs Dept.

.1. Debt Trajectory and Safe Debt Level 4.2. Debt and Deficit Paths Under Alternative Options 4.3. Municipal Budget Balance and Liabilities 4.4. Successive Real GDP and Inflation Forecasts 2010–16 4.5. Revisions to Medium-term Plans TABLES 0.1. Overview of Recommendations 1.1. Fiscal Forecasts and Outturns in Georgia 3.1. Transactions of LEPLs Controlled by Central Government 2015–16 3.2. Revision to Government Deficit due to the Change in Sector Classification, 2013 3.3. Composition of Budget Lending Operations, 2013–16 3.4. On-Lending Debt