01996cas a2200301 a 4500 AALejournalIMF021967 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513598321 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Georgia : Financial System Stability Assessment. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (59 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 A recovery from the Covid-19 pandemic now underway in Georgia has benefited from a recent pickup in external demand and substantial fiscal support. Significant exchange rate depreciation, global commodity price increases and supply constraints have contributed to inflationary pressures and provided impetus for the authorities to start tightening monetary policy during 2021. Credit growth slowed during the pandemic but has since picked up again. Household and firm indebtedness is relatively high reflecting rapid credit growth in recent years. Banks face elevated credit risks as they carry high exposure to unhedged borrowers in foreign currency, some of whom are facing debt-servicing difficulties due to the pandemic. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Georgia imf IMF Staff Country Reports; Country Report ; No. 2021/216 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/216/002.2021.issue-216-en.xml IMF e-Library