IMF to offer $750 mil. loan to Georgia to help economic recovery
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The International Monetary Fund said Wednesday it has reached an agreement in principle with Georgia to provide a $750 million loan package to the country to help it rebuild its economy hurt by recent clashes with Russia.
The IMF Executive Board is expected to approve the loan package, which will be provided in the form of an 18-month stand-by arrangement, at its meeting in mid-September. (more…)
Filed by Ozlem Yucel under Development, East-West Relations: Central and Eastern Europe

