IMF has approved a $750m loan for Georgia for boosting confidence in its economy and rebuilding the currency reserves of the country.
Georgia’s economy is facing some economic worries following last month’s conflict with Russia.
According to some analysts, the loan would help Georgia to overcome the difficulties to attract foreign investment and selling products abroad. The loan was approved after Nato chief Jaap de Hoop Scheffer visit to Tbilisi. …read the rest of this entry»
