Georgia: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 170

Publication date: May 2006

ISBN: 9781451814590

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Public Finance , Economics / General , ISCR , CR , Georgia , government , shadow economy , LEPL , LEPL reform , comparing shadow economy , banking sector , SDS estimate , shadow economy development , reform strategy , Informal economy , Commercial banks , Fiscal risks , Corruption , Loans , Baltics , Global , Central and Eastern Europe , Eastern Europe

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Summary

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.