Georgia (Government of) Oct 08
- ID: 1806930
- October 2008
- Region: Georgia
- Standard & Poors
High potential growth rate The government's political commitment to prudent financial policies and market-oriented structural reforms Moderate levels of government debt Uncertainty arising from regional conflicts, as well as from developing political, legal, and economic institutions Weak external indicators aggravated by a difficult relationship with Russia Externally leveraged domestic banking system A narrow economic base Georgia's economy is stabilizing following the brief but intense war with Russia, and will be supported by an estimated $3 billion (24% of GDP) in foreign aid, which will help fund the sovereign's substantial external financing needs and rebuild damaged infrastructure. Estimated at $2,852 in 2008, per capita GDP is expected to continue rising supported by good long-term economic prospects. This, however, depends on the...
Companies mentioned in this report are: Georgia (Government of)
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