01840cas a2200241 a 4500 AALejournalIMF011821 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502817 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Georgia : Request for a Stand-By Arrangement and an Arrangement Under the Stand-by Credit Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Georgia. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (89 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This staff report considers Georgia's request for a Stand-By Arrangement and an arrangement under the Standby Credit Facility. Performance in 2011 has been stronger than originally envisaged, with growth of nearly 7 percent, inflation in the low single digits, public debt falling to 34 percent of GDP, and international reserves increasing to USD 2.8 billion. Exchange rate flexibility remains a critical instrument of adjustment in response to shocks. At the same time, high financial dollarization may require the central bank to intervene to avoid abrupt, and potentially destabilizing, exchange rate fluctuations. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/098 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/098/002.2012.issue-098-en.xml IMF e-Library