Georgian delegation headed by the President of the National Bank of Georgia, Mr. Roman Gotsiridze and the Finance minister, Mr. Aleksi Aleksishvili  are leaving for Washington where the annual meeting of the Boards of Governors of the  International Monetary Fund and the World Bank will be held on  September 24-25.   The issues regarding the progress and implementation of the IMF and the World Bank programs around the world will be discussed. Furthermore, the main priorities will be highlighted for strengthening the support to different states by the international financial institutions.   According to Mr. Roman Gotsiridze, President of the National Bank of Georgia, “Georgian delegation goes to Washington with self-confidence. The Government of Georgia and the National Bank work in coordination to ensure the compliance with the uniform macroeconomic program the main goal of which is to provide economic growth, achieve the price stability  and  stability of the national currency exchange rate  in the country”.   The President of the National Bank of Georgia noted that fulfillment of the PRGF program parameters will serve as the basis for approval of the allocation of the next tranche after discussion of the progress of the program by the IMF mission. As of today the Government and the National Bank of Georgia  fulfill  all the parameters agreed with the IMF.   The annual meetings of the IMF and The World Bank  Boards of Governors have started since 1946. The format of these meetings provides for holding the meeting two years running in Washington (at the headquarter) and in the third year – in other country. For example, the next meeting of the IMF and the World Bank Board of Governors will be held in Singapore.   Officials of Central Banks and finance ministers of the member countries of the IMF and the world  international financial institutions participate  in these forums.   The Poverty Reduction and Growth Facility (PRGF) program for about USD 141,6  million was approved on June 4 of the last year. The National Bank of Georgia received the first tranche in the amount of about USD 20 million under the three-year PRGF program on June 21, 2004. The second tranche was transferred to the account of the  National Bank of Georgia on January 11, 2005 and the third  tranche  – on August 5, 2005.   The term of credits under the PRGF program is defined by 10 years with the annual  rate of 0,5 % and grace period of 5.5  years.   The IMF credits are used for the replenishment of the National Bank’s international foreign exchange reserves that amounted to USD 436,3 million as of September 21, 2005 that    exceeds the figure of the same period of 2004 by USD 74, 8 million.