02064cas a2200301 a 4500 AALejournalIMF021966 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513597751 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Georgia : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Georgia. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (84 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 High frequency estimates suggest a V-shaped recovery with output now poised to return close to 2019 levels already this year, much earlier than expected. Recently COVID-19 case numbers have risen sharply to new highs while vaccinations have also accelerated significantly after a slow start. The recovery has improved the fiscal outlook and the authorities submitted to Parliament a supplementary budget, with GEL 1.2 billion in additional spending roughly equivalent to the expected increase in revenues. The National Bank of Georgia (NBG) has increased the policy rate by 200 basis points to deal with high inflation driven by lagging effects of depreciation, commodity and food price increases, and supply side constraints. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Georgia imf IMF Staff Country Reports; Country Report ; No. 2021/215 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/215/002.2021.issue-215-en.xml IMF e-Library