Page 18 - GEORptJul18

prices of manufactured products rose 7.1% y/y, which pushed the overall index up by 5.84% in annual terms.
Specifically, Geostat reported a 20.4% increase in prices of basic metals and fabricated metal products, while prices of food products, beverages and tobacco were up 6.3%.
In monthly terms, prices of manufactured products rose by 1.0% compared to April, contributing 0.77pp to the rise in the index.
This included a rise in prices for food products, beverages and tobacco (0.9%), basic metals and fabricated metal products (2.5%), and chemicals, chemical products and man-made fibres (3.8%).
Aside from manufacturing, the electrical energy, gas, steam and hot water segment also pushed up the overall index by 2.06%, as prices were up 15.2%. However, prices in this category dropped by 1.3% compared to April, which dragged down the index by 0.18%.
4.3 Fixed investment
Georgia -Fixed capital investment 2011 2012 2013 2014 2015 2016 2017
Gross fixed investment capital formation (GEL mn)
6,368.0 7,575.4 6,652.9 8,688.8 10,004.3 10,999.8 11,238.3
Gross fixed capital formation (% of GDP)
22.5% 24.8% 21.9% 25.8% 28.4% 30.4% 30.3%
Source: CEIC
IMF approves further $42.25mn loan to Georgia in wake of structural reforms
The IMF said on June 28 that it has approved a further $42.25mn loan to Georgia in the wake of the completion of structural reforms. The reforms support private sector development, improve fiscal performance and implement infrastructure projects.
The credit is the third tranche under a three-year, IMF programme totalling $285. Total disbursements stand at $130mn.
“Georgia has made notable progress under the IMF-supported programme,” Tao Zhang, IMF Deputy Managing Director and Acting Chair, said.
18 GEORGIA Country Report July 2018 www.intellinews.com