The Managing Director of International Monetary Fund met with the Georgian Students
The Governor of the National Bank of Georgia, Koba Gvenetadze presented managing Director of IMF to the students. "This is Managing Director Lagarde's first visit to Georgia and on behalf of the Georgian authorities I want to express our sincere gratitude to her for finding time in her very busy schedule to visit our country. This is one more sign that the IMF pays equal attention to both systemic economies and small countries, like Georgia," - stated Koba Gvenetadze.
Christine Lagarde became the eleventh Managing Director of the IMF in 2011. She is the first woman to hold the aforementioned position and she was elected to a second term in 2016.
Georgia became a member country of IMF in 1992. The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. In 2017 IMF approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Georgia for an amount of about $285.3 million to support the authorities' economic reform program. Georgia completed the third review under the EEF Arrangement and continues its successful implementation. In the previous week the IMF team reached staff-level agreement with the authorities on completing the fourth review under the Extended Fund Facility program and the IMF Executive Board is expected to consider the review in June.