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Georgia (Government of) Oct 08 Product Image

Georgia (Government of) Oct 08

  • Published: October 2008
  • Region: Georgia
  • Standard & Poors

Abstract
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)
Action: Review

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Georgia (Government of)

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