Improvement of economic growth forecasts by the International Monetary Fund means more investment and more trust towards Georgia – stated the Minister of Finance of Georgia, Ivane Matchavariani, when commenting on the results of the visit of International Monetary Fund Mission.

As the Minister of Finance noted, the IMF mission has increased the growth forecast of Georgian Economy in 2018 from 4.8 percent to 5.5 percent.

"This is a big achievement in terms of considering the foreign economic situation that is in our neighboring countries. Practically, we have a currency crisis, as in Turkey as well as in Russia. It should be noted that budgetary revenues of the first half of the current year are over fulfilled. We have all grounds to assume that in 2018 we will cover by profits, by current revenue and current expenses. It is particularly important that the International Monetary Fund highly appreciates the reforms that have already been started and planned by the government that are exactly implemented with them," said the Minister of Finance.

As he noted, the fund specifically emphasizes the fact that due to the risks in the region, it is important to continue the free floating exchange rate and reasonable macroeconomic policy.

Minister of Finance also highlighted the importance of maintaining credit rating for Georgia by international rating firm Fitch and noted that as Fitch estimates of the International Monetary Fund and as rating company firm’s Fitch’ estimates are important for the development of the country's economy and to maintain sustainability.