The International Monetary Fund (IMF) has announced that it will lend $ 200 million to neighboring Georgia. The statement made today said that the loan will be used to increase the balance of payments and the solution of budget problems in the country due to the corona virus epidemic.
According to the Reuters report, the IMF had approved the provision of an additional 448 million financial resources to Georgia.
In the IMF statement, “The epidemic is expected to have a significant impact on the Georgian economy. The financial support of the IMF will be a contribution to the resource needed for increasing health and social security expenditures. ”
The IMF envisages the Georgia economy to shrink by 4 percent in 2020.
While a total of 582 corona cases were detected in Georgia with a population of 3.7 million, the number of dead was announced as 8.