14 mln (approximately 20, 4 mln US dollars) SDR (Special Drawing Rights) tranche was transferred to the account of the National Bank of Georgia on August 5, 2005 within the framework of program “Poverty Reduction and Economic Growth” of the International Monetary Fund.  This July 20, the Executive Board of the International Monetary Fund positively evaluated the policy implemented by the Georgian Government and the National Bank of Georgia and approved the issue on allocation of the next tranche  within the framework of “Poverty Reduction  and Economic Growth” program.   According to the Vice-President of the National Bank of Georgia Davit Amaglobeli, the National Bank of Georgia will continue implementation of “Poverty Reduction  and Economic Growth” program parameters together with the Government, which will serve as a basis for approval of allocation of the next tranche by the end of the year after consideration of  the progress of the program by the Monetary Fund Mission in autumn.  According to the evaluation of Davit Amaglobeli, the policy of the Georgian Government and the National Bank of Georgia shall be directed to stability of lari exchange rate and prices.   Credits of International Monetary Fund are used for filling in the international exchange reserve of the National Bank of Georgia. This reserve was USD 444,6 mln as of August 5, 2005.   The program of “Poverty Reduction and Economic Growth” of the International Monetary Fund, for 98 mln (approximately, 141,6 mln US dollars) SDR (Special Drawing Rights), was approved on June 4 last year. Within the framework of this three-year program, the first tranche for 14 mln SDR (Special Drawing Rights) was accepted by the National Bank on June 21, 2004. Second, 14 mln tranche was transferred to the account of the National Bank of Georgia on January 11, 2005.   Credits of “Poverty Reduction and Economic Growth” are issued for 10 years with annual 0,5% interest and 5,5 year grace period.