The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Georgia today. The authorities have consented to the publication of the Staff Report prepared for this consultation.

"Georgia`s economy has remained resilient amid heightened global uncertainty, including from the war in the Middle East. Real GDP expanded by 7.5 percent in 2025 and remained strong in early 2026, while inflation rose above target due to higher energy prices, reaching 5.9 percent in April 2026. Fiscal and external buffers have strengthened, with reserves reaching the IMF’s adequacy threshold and public debt declining below 35 percent of GDP.

Assuming the Middle East war is resolved soon, growth is projected to moderate to 6.5 percent in 2026, gradually converging to its medium-term potential rate of 5 percent by 2028. Inflation is expected to return to target by mid-2027 and public debt to remain near current levels with continued prudent monetary and fiscal policies.

Amid elevated uncertainty and recurring external shocks, policy priorities include bringing inflation back to target, building further reserve buffers, and advancing structural reforms to sustain strong growth and create more jobs", - reads the report of IMF.