The Executive Board of the International Monetary Fund (IMF) completed the first review of the three-year Stand-By Arrangement (SBA) for Georgia. The completion of the review enables access of SDR 30 million (about US$40 million). The Georgian authorities continue to treat the arrangement as precautionary.

Strong growth of 10 percent is projected for 2022. Inflation has been slowing but remains elevated due to high commodity prices and strong domestic demand. Both growth and inflation are expected to moderate in 2023.
Georgia’s program continues to focus on reinforcing macroeconomic stability and maintaining reform momentum through prudent macroeconomic policies to reduce inflation and rebuild fiscal and external buffers, and structural reforms to foster more inclusive and job-rich growth.

Source: International Monetary fund

See detailed information: https://www.imf.org/en/News/Articles/2022/12/21/pr22443-imf-executive-board-completes-first-review-under-the-stand-by-arrangement-with-georgia?fbclid=IwAR1W0hfTH-U_pf-tTbzNr6KLwPuG8Q1PUqGlTg-qdZnkrf5cN-lQnblN_Rc