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Georgia (Government of) Feb 07
Standard & Poors, February 2007
The government's strong political commitment to prudent financial policies and market-oriented structural reforms Moderate and decreasing levels of government debt Good economic prospects underpinned by the strong market-oriented policies 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, its key trading partner High inflation and the inadequacy of monetary policy instruments A narrow economic base and low per capita incomes, compounded by continuing problems in the business environment The ratings on the Government of Georgia are supported by strong economic prospects, underpinned by rapid reform, continued prudent fiscal policies, and an increasingly market-oriented economic structure. The sovereign's ongoing success in increasing government revenues is...
Companies mentioned in this report are: Georgia (Government of)
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Research Type: Full Analysis
Georgia (Government of)