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Tuesday, February 18, 2025

Lasha Khutsishvili hosts summary meeting with IMF Mission representatives

The Finance Minister of Georgia Lasha Khutsishvili met with the members of the International Monetary Fund (IMF) mission once again on February 4, 2025, Tuesday.

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Georgia: The Finance Minister of Georgia Lasha Khutsishvili met with the members of the International Monetary Fund (IMF) mission once again on February 4, 2025, Tuesday.

The previous meeting of the Georgian Finance Minister with members of the International Monetary Fund (IMF) mission was held on January 29, 2025.

Lasha Khutsishvili held a wrap up meeting with the representatives International Monetary Fund mission together with the Acting President of the National Bank, Natia Turnava.

The Finance Minister told the public about the meeting through his social media handles. He posted about his meeting on Twitter page on February 4, 2025.

It should be noted that the International Monetary Fund (IMF) Mission is led by Alejandro Hajdenberg. The IMF’s mission is to promote global economic and financial stability and to help countries build strong economies. 

During the working meeting, the parties discussed fiscal and monetary policy issues in the country, steps taken towards macro-economic and financial stability, measures taken under the Government’s Economic Reform Programme reviewed and asserted the balance of existing macro-economic & fiscal forecasts.

Both parties also 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 IMF Mission representatives , 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 participants of the working meeting are:

  • Deputy Minister of Finance Giorgi Kakauridze and Ekaterine Guntsadze,
  • Head of the Department of Macroeconomic Analysis and Fiscal Policy Planning Vakhtang Chalafeikrishvili,
  • Vice Presidents of the National Bank Ekaterine Mikabadze and Ekaterine Galdava,
  • Deputy Minister of Economy and Sustainable Development Vakhtang Tsintsadze.

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. 
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