Finance Minister Lasha Khutsishvili meets IMF representatives

Georgia: The Finance Minister of Georgia Lasha Khutsishvili met with the members of the International Monetary Fund (IMF) mission on January 29, 2025, Wednesday.

The International Monetary Fund’s (IMF) mission is to promote global economic and financial stability and to help countries build strong economies. 

The Meeting was held in a working format. At the meeting, both parties reviewed the economic developments of the country, in the past and current years.

The key parameters of the 2025 budget, the medium-term macroeconomic and fiscal parameters, and the government’s economic reforms program were also discussed by the ministers, during the working meeting.

The conversation touched upon the bilateral and financial relations of Georgia with other countries of the world. The Finance Minister of Georgia stressed the good economic ties of the nation.

The parties paid attention to the importance of planned meetings during the visit and talked about the meetings in an active format. They also wished success to the work mission and hope to accomplish their desired goals.

The participants of the working meeting are:

• Minister of Finance of Georgia, Lasha Khutsishvili,
• Deputy Minister of Finance Giorgi Kakauridze and Ekaterine Guntsadze,
• Head of Macroeconomic Analysis and Fiscal Policy Planning Department Vakhtang Chalafeikrishvili,
• Head of Fiscal Risk Management Department Shota Gunia.

Main Goals of IMF:

The parties also talked about the main goals of the International Monetary Fund (IMF). The IMF’s goals include-

• Promoting international monetary cooperation- The IMF works with member countries to support policies that promote financial stability and monetary cooperation. 
• Encouraging trade and economic growth- The IMF works to facilitate international trade and promote sustainable economic growth. 
• Reducing poverty- The IMF works to reduce poverty around the world. 
• Providing policy advice- The IMF provides policy advice and capacity development support to help countries build and maintain strong economies. 
• Providing loans- The IMF provides short- and medium-term loans to help countries that are experiencing balance of payments problems.